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.