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Everyone knew at the time that Facebook bought Instagram because it threatened Facebook's dominance, and hindsight shows that exactly that happened. There's a huge swath of people that dropped off FB and now use Insta, but Meta owns both. It was a great move but it was absolutely anti-competitive at the time.
I do struggle to understand how we here casually lump tohether totally different platforms as comptetitors.
It’s not like I can use Youtube or Tiktok instead of Whatsapp with my family for direct and group discussion. Even X and Instagram would be a stretch, as their raison d’être is public social media and not instant messaging.
Sure the platforms have overlapping features, but you ain’t gonna use a knife insted of a spoon.
This has a potentially very-chilling effect on acquisitions, which are a major source of liquidity for lots of secondary companies.
https://www.nytimes.com/2025/04/14/technology/meta-antitrust... (https://archive.ph/8wOPP)
https://www.cnn.com/2025/04/14/media/meta-ftc-trial/index.ht...
https://www.politico.com/news/2025/04/13/meta-zuckerberg-ftc...
(I've omitted the HN links this time because there weren't any comments yet. Someday we're going to do proper URL bundling and karma sharing for cases like this, where multiple submitters post good articles on the same underlying story.)