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There are many economists that think the acquisition of IG should have warranted antitrust. This is a good case on it: https://scholarship.law.berkeley.edu/cg
by VHRanger 7y ago
There are many economists that think the acquisition of IG should have warranted antitrust.
This is a good case on it:
https://scholarship.law.berkeley.edu/cgi/viewcontent.cgi?article=1139&context=bblj https://scholarship.law.berkeley.edu/cgi/viewcontent.cgi?art...
- denzil_correa 7y agoWe don’t even need to go that far. Facebook snooped in users via an advertised VPN app to make WhatsApp and Instagram acquisitions. That in itself should be enough fodder to discuss them. https://www.wsj.com/articles/facebooks-onavo-gives-social-media-firm-inside-peek-at-rivals-users-1502622003 https://www.wsj.com/articles/facebooks-onavo-gives-social-me...
- skinnymuch 7y agoInstagram was way before Onavo acquisition. WhatsApp was officially announced as an acquisition 4 months after Onavo purchase. The article does say insiders say they used Onavo for WhatsApp purchase decision. However I’m assuming you don’t do a $19B acquisition (and 10% of your market cap) in a month. Wouldn’t Facebook have already been close to or starting the process of trying to buy WhatsApp before the end of 2013? Onavo was announced as a purchase in mid Oct 2013.
- skinnymuch 7y agoI tried seeing where it stated that. I don’t see it. Instagram was a relatively tiny iPhone app back in 2012. Two years old and 30M users.