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 News23 hours agoCommissioner thanks police officer who threw a speed radar at a car
-
Noosa News21 hours agoNo matter what happens in his Origin debut, history beckons for rookie maroon Robert Toia
-
Noosa News22 hours agoDefence investigation finds Taipan pilot’s actions possibly prevented further fatalities in crash
-
General19 hours agoDairy farmers devastated by floods across parts of New South Wales