Summary:
- This article discusses how Facebook (now Meta) CEO Mark Zuckerberg considered spinning off Instagram in 2018, according to newly released documents from the Federal Trade Commission (FTC) trial.
- The documents reveal that Zuckerberg was concerned about the growing popularity of Instagram and wanted to keep it as a separate platform to avoid competition with Facebook.
- The FTC is currently suing Meta, alleging that the company's acquisitions of Instagram and WhatsApp were part of an illegal monopolistic strategy to eliminate potential competitors.