Instagram’s co-founder testifies Mark Zuckerberg withheld resources

Instagram Founder Claims Zuckerberg Suppressed His Platform's Growth: "We Were A Threat"

Mark Zuckerberg acquired Instagram for $1 billion in 2012 as the photo-sharing app was on the ascendency.

The antitrust trial that can force Meta to sell Instagram and WhatsApp continues, with a hard setback for Mark Zuckerberg, attacked by a former employee.

Theories of Instagram’s Growth Central to Meta’s Antitrust Trial

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Sarah Frier reports on Instagram co-founder Kevin Systrom’s testimony at the US antitrust trial against Meta Platforms Inc.

Instagram Meta FTC Antitrust Reveals Zuckerberg’s Power Play - American Faith

Instagram co-founder Kevin Systrom testified in federal court this week that Meta CEO Mark Zuckerberg deliberately limited resources to Instagram after acquiring the platform, fearing its rapid growth could outshine Facebook. Systrom’s testimony is a key part of the Federal Trade Commission’s ongoing antitrust case against Meta, alleging the company used its power to crush competition and form an illegal monopoly. “Mark was not investing in Inst…

Instagram co-founder claims app could have thrived without Meta

(Bloomberg / Kurt Wagner) — Instagram co-founder Kevin Systrom testified that his fledgling photo-sharing app could have succeeded without being acquired by Meta Platforms Inc., and that eventually Chief Executive Officer Mark Zuckerberg treated Instagram’s growth as a “threat” and starved it of resources. The claims could bolster the US government’s monopoly case against the social networking giant as it argues to unwind the 2012 acquisition. I…

Meta Antitrust Trial: Instagram Co-Founder Testifies Zuckerberg 'Starved' Team of Resources After Acquiring App

Instagram co-founder Kevin Systrom testified as part of the FTC's antitrust case against Meta, saying Mark Zuckerberg saw Instagram as a threat to Facebook and therefore starved his photo-sharing app of resources after acquiring it more than a decade ago. The post Meta Antitrust Trial: Instagram Co-Founder Testifies Zuckerberg ‘Starved’ Team of Resources After Acquiring App appeared first on Breitbart.