Ebersman replied that it typically made sense to acquire another company for one of three reasons: neutralizing a competitor, acquiring talent, or integrating products.“There are network effects around social products and a finite number of different social mechanics to invent. Once someone wins at a specific mechanic, it’s difficult for others to supplant them without doing something different,” the CEO wrote.
Zuckerberg disagreed. “I've always been clear that we viewed Instagram both as a competitor and as a complement to our services,” he said, adding that the FTC did not block the acquisition at the time. After Zuckerberg cited the FTC in his answer, Rep. David Cicilline of Rhode Island, the subcommittee chair, weighed in to say the FTC’s decision was irrelevant.
Ain't that how it goes
Big Tech is pure corruption we know
Schmidtlepp Warum denn sonst? Whä?
Shocking.
This is what they do. Like thanks for bringing it up, but should have been brought up when it was happening
Is this shocking or have I missed something?
Duh. How is this news?
Like, duh?
This is what big companies do...
Wait that's illegal? Isn't that what every other major company does?
This man ruined the Internet.
Bring myspace back.
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