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META
New York Post
119 days

Instagram would have succeeded without Facebook's $1B takeover, co-founder testifies

1. Kevin Systrom testified Instagram would thrive without Facebook's acquisition. 2. Instagram's growth posed a threat to Facebook, per Systrom's statements. 3. FTC alleges Meta used a 'buy or bury' strategy against competitors. 4. Systrom expressed concerns about resource allocation and data privacy post-acquisition. 5. Zuckerberg argues Instagram's growth benefited from Meta's infrastructure support.

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FAQ

Why Bearish?

Systrom’s testimony could reinforce regulatory scrutiny, harming META’s market perception.

How important is it?

The article discusses ongoing legal challenges, which could substantially influence META's stock value.

Why Long Term?

Ongoing antitrust actions and potential measures to spin off assets can affect META's future operations.

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