The emails revealed that Zuckerberg wanted to buy Instagram as it was becoming a threat to Facebook.
“Facebook, by its own admission saw Instagram as a threat that could potentially siphon business away from Facebook,” Nadler said during the hearing on Wednesday.
“So rather than compete with it, Facebook bought it. This is exactly the type of anti-competitive acquisition the antitrust laws were designed to prevent,” Nadler added.
Facebook bought Instagram for $1 billion in 2012, a shocking sum at that time for a company with 13 employees,
Facebook bought the adoption, they bought the users.
So none of that applies to fedi then. Can’t buy up users because we’re federated and can’t buy up competition, because we’re a just fart in Sahara in comparison, both in numbers of people and in revenue dollars
And since there’s no privacy here he can datamine the shit out of content already
Facebook bought the adoption, they bought the users.
So none of that applies to fedi then. Can’t buy up users because we’re federated and can’t buy up competition, because we’re a just fart in Sahara in comparison, both in numbers of people and in revenue dollars
And since there’s no privacy here he can datamine the shit out of content already
Do you understand what siphoning business means? What business do you think Facebook is in? It wasn’t users. It was ads.