Business
Zuckerberg emails suggest Facebook bought Instagram to avoid competition – NEWS.com.au
Mark Zuckerberg’s emails suggest Facebook bought Instagram to avoid competition
It took Facebook boss Mark Zuckerberg 45 minutes to realise he may have made a big error when he pushed to purchase the then fledgling social media platform Instagram in 2012.In late February of that year he emailed Facebook’s chief financial officer David Ebersman, pitching him on the idea of buying smaller competitors as the company sought to translate its vast userbase to an increasingly mobile audience ahead of going public.
“The brands are already meaningful and if they grow to a large sca…
-
Noosa News21 hours agoBrisbane’s Triffid forces redesign of $1.5 billion tower project
-
General21 hours agoSussan Ley’s office says Bridget McKenzie made false claims about cabinet solidarity
-
General17 hours agoIsraeli forces open fire towards diplomatic delegation touring Jenin in the northern West Bank
-
General11 hours agoCharlotte McConaghy calls for climate change action in new novel Wild Dark Shore