Facebook Acquires Instagram for $1 Billion to "Neutralize Potential Competitor"
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
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regulatory-capture
tech-industry
antitrust
facebook
meta
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