The Inside Story of How Facebook Acquired Instagram
▻https://onezero.medium.com/the-inside-story-of-how-facebook-acquired-instagram-318f244f1283
The social giant’s controversial $1 billion acquisition shows how a tech monopoly wields power Facebook’s $1 billion acquisition of Instagram was a watershed moment for Big Tech. It demonstrated just how much wealth and power the industry holds — and how it could be wielded. Secret emails, published as part of a historic antitrust hearing, revealed that Mark Zuckerberg viewed the app as a threat to his own social network, and one to be neutralized at great cost. In this excerpt from No Filter (...)
