Business
Former exec: TikTok ‘exhibit A’ for Facebook defence in US lawsuits – Sydney Morning Herald
A former Facebook executive has said Instagram and Whatsapp acquisitions were never about taking out the competition.
Mr Scheeler worked for Instagram after it was bought by Facebook and was still running the local division when the tech giant bought WhatsApp. He said Mr Zuckerberg did not consider Instagram or Whatsapp as competitors of Facebook.
“I don’t really think Facebook’s acquisition of Instagram lessened the competition because it was so small when they bought it,” he said. “Instagram was a different way of doing social media. It was about the phone, it was images, camera-first. Facebook at that time was…
-
Noosa News12 hours agoConsolidated Pastoral Company buys Beetaloo aggregation in historic deal worth more than $300m
-
General14 hours agoAustralian luger Alex Ferlazzo makes stunning recovery during run after falling off his sled
-
Business24 hours agoWhat Warren Buffett’s latest portfolio moves say about the market
-
Business18 hours agoCounter drone company surges past $1 billion valuation with new contract win
