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Why the feds flip-flopped on Facebook


Why the feds flip-flopped on Facebook
POLITICO
12/13/2020
By Leah Nylen
© Andrew Harnik/AP Photo
The FTC’s complaint cites emails among CEO Mark Zuckerberg and other Facebook executives expressing concerns about Apple, Google or Twitter using Instagram to gain “a foothold” in the social media market.
Almost a decade ago, the Federal Trade Commission raised no objections as Facebook spent billions of dollars to swoop up the trendy photo-sharing app Instagram and the messaging service WhatsApp.
Now the same agency is demanding that Facebook sell both off companies, calling the earlier deals a prime example of the social network’s “buy or bury” strategy for crushing competition. ....

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