During an antitrust trial, Mark Zuckerberg admitted Facebook acquired Instagram due to its superior camera product, supporting the FTC’s claim that Meta strategically bought rivals. Zuckerberg conceded Meta often failed to develop successful apps internally. The FTC argues these acquisitions stifled competition and innovation, seeking to unwind Meta’s deals for Instagram and WhatsApp.
Zuckerberg admits FB bought Instagram because of this ‘better’ feature
