Zuckerberg suggested spinning Instagram off into separate company
Meta CEO Mark Zuckerberg previously considered spinning off Instagram into a separate company in the face of growing antitrust concerns and competing interests with Facebook.
The revelation comes from a 2018 document that was displayed as Zuckerberg took the stand in the Federal Trade Commission's (FTC) trial against Meta, the parent company of Facebook and Instagram.
"I wonder if we should consider the extreme step of spinning Instagram out as a separate company," Zuckerberg wrote in an email at the time, suggesting it would allow Meta to accomplish several "important goals."
“While most companies resist break ups, the corporate history is that most companies actually perform better after they’ve been split up,” he added. “The........
© The Hill
