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Zuckerberg saw Instagram as a threat to Facebook

Jul 30, 2020 13:29 IST

US lawmakers grilled Facebook CEO Mark Zuckerberg during the lengthy antitrust hearing and pointed to his emails as evidence that the company saw Instagram as a competitive threat. Zuckerberg had emailed the company’s former chief financial officer David Ebersman that the photo-sharing app “can hurt them meaningfully without becoming a huge business” and acquired it shortly thereafter. In another email, Zuckerberg agreed with a Facebook employee's assessment that Instagram was a threat to the company and replied that startups can often be acquired.

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