Meta resorted to 'buy-or-bury scheme' with Instagram and WhatsApp deals, former FTC Chair Lina Khan says

Laya Neelakandan - CNBC - 14/04
Former FTC Chair Lina Khan said Monday that Facebook's acquisitions of Instagram and WhatsApp drastically changed the social networking ecosystem.

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Former U.S. Federal Trade Commission Chair Lina Khan said Monday that Facebook "panicked" when making the acquisitions of Instagram and WhatsApp as smartphone use took off.

"It saw companies like Instagram and WhatsApp experiencing astronomical growth, and that's the point at which it resorted to this buy-or-bury scheme where, if it couldn't outcompete a rival, it either bought them out or cut them o...
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