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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 claims Instagram would have thrived without Facebook's acquisition. 2. Zuckerberg viewed Instagram's success as a threat to Facebook's growth. 3. FTC argues Meta employs a 'buy or bury' strategy against competitors. 4. Systrom cited lack of investment in Instagram's growth post-acquisition. 5. Meta asserts Instagram's growth relied on its infrastructure and support.

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FAQ

Why Bearish?

The FTC's allegations and Systrom's testimony could damage Meta's market reputation, similar to past legal challenges impacting stock prices.

How important is it?

The ongoing trial and Systrom's statements could shape public perception and investor confidence in Meta.

Why Long Term?

Ongoing antitrust trials may lead to regulatory actions affecting Meta's business model and growth strategies in the long run.

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