When Facebook ex-COO said she was 'wrong, very wrong' about Instagram

In federal court, Sheryl Sandberg revealed Meta considered blocking competitor ads, supporting the FTC's claim of stifling rivals. Sandberg and Zuckerberg's discussions about acquiring Instagram for $1 billion were also highlighted. Zuckerberg admitted TikTok surpasses Facebook and Instagram's user base, acknowledging it as a major competitive threat despite Meta's efforts with Reels.

from Times of India https://ift.tt/Dq3gGER