Mark Zuckerberg predicted Meta's antitrust trial in a 2018 email

6 months ago 7

In 2018, Mark Zuckerberg floated the idea of spinning out Instagram, one of the remedies the Federal Trade Commission (FTC) will likely seek in Meta's antitrust trial that began this week. CNBC reported on Tuesday that the comments from an email thread with executives came to light in Washington, DC.

"I'm beginning to wonder whether spinning Instagram out is the only structure that will accomplish a number of important goals," Zuckerberg wrote in the email. "As calls to break up the big tech companies grow, there is a non-trivial chance that we will be forced to spin out Instagram and perhaps WhatsApp in the next 5-10 years anyway." His estimate, made six years ago, ended up being spot-on.

"On the flip side, while most companies resist breakups, the corporate history is that most companies actually...

Source: https://www.engadget.com/big-tech/mark-zuckerberg-predicted-metas-antitrust-trial-in-a-2018-email-205719635.html?src=rss

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