Zuckerberg Admits to Buying Instagram to Stifle Competition
At US antitrust trial, Meta’s Zuckerberg admits he bought Instagram because it was ‘better’ – a statement that, while seemingly straightforward, reveals a complex issue at the heart of modern tech monopolies. The admission itself isn’t particularly surprising; people frequently acquire things they perceive as superior. It’s the context – a courtroom setting within an antitrust trial – that elevates the significance of his words. The implication is that competition, a cornerstone of a healthy market, was directly addressed not through innovation or improvement of existing products, but through acquisition and absorption.
This acquisition wasn’t simply about upgrading Facebook’s capabilities; it was about neutralizing a competitor.… Continue reading
Matt Underwood