In 2018, Mark Zuckerberg released the idea of promoting Instagram, one of the means of legal protection that the Federal Trade Commission (FTC) will probably strive for the antimonopoly test of META, which began this week. CNBC reported On Tuesday in Washington, comments from the e -mail branch with leaders appeared.
“I begin to think about whether Swinning Instagram is a single structure that will achieve a number of important goals,” Tsuckerberg wrote in an email. “As the calls are growing to break large technological companies, there is a non-trivial chance that we will be forced to promote Instagram and, possibly, WhatsApp over the next 5-10 years.” His assessment, made six years ago, ended with becoming accuracy.
“On the other hand, while most companies resist decays, the corporate story is that most companies really work better after they are divided,” Tsuckerberg added in the same electronic letter, in accordance with New York TimesField
This is the second day of the testimony of Zuckerberg, which streamed from Government lawsuit 2020 Against meta (then still known as Facebook). FTC claims that purchases of the company on Instagram (for 1 billion dollars in 2012) and WhatsApp (for 19 billion dollars in 2014) injured competition. If the trial passes along the path of FTC, he will most likely ask the judge to break the meta, selling one or both applications.
Last April, Meta moved to reject the caseBut the district judge James Boasberg allowed him to continue with a narrower scale.
At the stand on Tuesday, the Meta-General Director, reportedly, defended the purchase of the company on Instagram as a result of a standard exam for costs and benefits. “We conducted an analysis of Build-VS.-Buy,” Tsuckerberg said. “I thought it was better on Instagram in this (than the Facebook camera application), so I thought it was better to buy them.”
“The creation of a new application is difficult,” he said when he was asked at the stand why he was going to buy Instagram. “We probably tried to build dozens of applications in the history of the company, and most of them are not leaving anywhere.”
Other details that appeared on Tuesday include an email of 2013, in which Tsuckerberg told managers to block the Asian competitors of Cocoa and WeChat from advertising on Facebook. “These companies are trying to create social networks and replace us,” he wrote. “The income is insignificant for us compared to any risk.”