Kevin Systrom

Facebook Acquires Instagram for $1 Billion to "Neutralize Potential Competitor"

2012-04-09 00:00:00 +0000 UTC | Importance: 8/10

Facebook acquired Instagram for $1 billion in a strategic move explicitly designed to neutralize a potential competitive threat. The acquisition was part of a systematic strategy to prevent emerging social media platforms from challenging Facebook’s market dominance. With Instagram having 27 …

Mark Zuckerberg Facebook Inc. Instagram Inc. Kevin Systrom Mike Krieger +1 more regulatory-capture tech-industry antitrust facebook meta +2 more

Facebook Acquires Instagram for Billion to Neutralize Potential Competitor

2012-04-09 00:00:00 +0000 UTC | Importance: 8/10

Facebook acquired photo-sharing app Instagram for billion, implementing what the FTC would later characterize as a ‘buy or bury’ strategy to eliminate competitive threats. Internal emails revealed CEO Mark Zuckerberg explicitly stated the acquisition was motivated by a desire to …

Facebook Inc. Mark Zuckerberg Instagram Inc. Kevin Systrom Mike Krieger +1 more regulatory-capture tech-industry antitrust facebook meta +1 more

Facebook Acquires Instagram for Billion to "Neutralize Potential Competitor"

2012-04-09 00:00:00 +0000 UTC | Importance: 8/10

Facebook acquired photo-sharing app Instagram for billion, implementing what the FTC would later characterize as a “buy or bury” strategy to eliminate competitive threats. Internal emails revealed CEO Mark Zuckerberg explicitly stated the acquisition was motivated by a desire to …

Facebook Inc. Mark Zuckerberg Instagram Inc. Kevin Systrom Mike Krieger +1 more regulatory-capture tech-industry antitrust facebook meta +1 more