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Guardian

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Image Credit: Guardian

Zuckerberg feared monopoly scrutiny and mulled Instagram split, files show

  • Mark Zuckerberg considered spinning off Instagram in 2018 to prepare for a potential antitrust suit.
  • Zuckerberg admitted that he bought Instagram due to its better camera product compared to Facebook's own app.
  • Zuckerberg acknowledged many failed attempts at building new apps within the company.
  • The FTC accuses Meta (formerly Facebook) of holding a monopoly on content-sharing platforms and failing to consider competition from TikTok, YouTube, and others.

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