The former CEO of Instagram testifies that Zuckerberg believes the app is a “threat” to Facebook
Facebook acquired Instagram in 2012 for $ 1 billion, but the tension between Mark Zuckerberg and the founders of the app continued years later. On Tuesday, former CEO and co -founder of Instagram Kevin Sistrom took the position in Meta’s antitrust process in Washington and offered a first -hand story about how Zuckerberg views the photo sharing app as a “threat” to Facebook.
Sistrom, who has led Instagram by 2018, said Zuckerberg slows down hiring and other Instagram investments despite his success. Zuckerberg, Systrom testified, “believed we are a threat to their growth” and as a result “does not invest” in the app app reported by The New York TimesS AS The times Remarks, Instagram had only some of the employees like Facebook, even after reaching 1 billion users. “As the founder of Facebook, he felt a lot of emotion around which he was better, which means Instagram or Facebook,” Systrom reports.
The tension between the founders of Instagram and Zuckerberg over the company’s resources were early reportedBut Systrom’s testimony is the first time he publicly spoke in detail about the issues that eventually made him resign from the company. At Sistrom’s stand on Tuesday, Zuckerberg “believes we are hurting Facebook growth,” ” according to BloombergS
The acquisition of Facebook from Instagram is central to FTC MetaS The government claims that the purchase of Meta on WhatsApp and Instagram was anti -competitive and that the social media company should be forced to release the business. Systrom’s certificates come a week after Zuckerberg took the position and defended Meta’s Instagram acquisition for $ 1 billion. Email from 2018 by Zuckerberg that emerges earlier In the process, it showed that the Facebook founder was aware in 2018 that he could be forced to rotate services into independent entities.
This article originally appeared on Engadget at https://www.engadget.com/social-media/instagrams-former-ceo-ceo-cetiFies-zucarberg-the-11.
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