The Instagram co -founder Kevin Systrom, testified as part of the FTCS antimonopoopoolio case against Meta, saying that Mark Zuckerberg saw Instagram as a threat to Facebook and, therefore, hungry for its application of resources to share photos after acquiring it more than a decade ago.
After an FTC lawyer asked him why he thought that Zuckerberg decided report By him New York Times.
“Mark was not investing on Instagram because he believed we were a threat to his growth,” said Systrom, who was still the chief of Instagram after the application was acquired, told his duration of his testimony of more than six hours the day of consent.
“I was always very happy to have Instagram in the family because it was growing very fast, and we did a great product job,” Systrom continued.
“But also, I think that as a Facebook founder, Hey felt a lot of emotion about which one was better, which means Instagram or Facebook,” said Instagram co -founder, adding: “I think there were true human emotional things there.”
The FTC states that the giant of social networks sought to establish an illegal monopoly, in part, acquiring Instagram in 2012 as part of a “purchase or bury strategy” to illegally eliminate its rivals.
In the case, which entered its second week on Monday, the FTC affirms the Instagram target acquisitions similar to companies in 2012 and WhatsApp in the Hurt competition 2014 by eliminating the new companies that could have the domination of the monopoly of the social networks of Challen.
The test has also included emails that show Systrom’s frustration with a goal “looking” on instagram of resources. In an email, former Technology Director Mike Schroepfer wrote: “We also have areas that are” hungry “” for funds, cordination to a report by Fortune.
As Breitbart News reportedThe case of the government, which in 2020 under the Trump administration and continued under the antimonopoolio team of President Biden, seeks to force the goal to disin both of Instagram and WhatsApp, which boast of two billion active users.
Goal claims That the case of the FTC is “weak”, writing: “More than 10 years after the FTC reviewed and cleared our acquisitions, the action of the commission in this case sends the message that no agreement is really definitive.”
Alana Mastrangelo is a Breitbart News reporter. You can follow her Facebook And x in @Armastrangeloand in Instagram.
