Reported 3 days ago
During a recent legal testimony, Meta CEO Mark Zuckerberg disclosed that the company's acquisition of Instagram in 2012 was primarily due to its 'better' camera compared to Facebook's own development efforts. This admission came as part of a discussion regarding potential antitrust challenges faced by Meta. Zuckerberg also reflected on previous considerations to spin off Instagram amidst increasing scrutiny of Big Tech mergers and highlighted the challenges Meta encountered while trying to develop its own apps.
Source: YAHOO