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17 Companies Facebook Famously Purchased — and How They're Doing Now

17 Companies Facebook Famously Purchased — and How They're Doing Now
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The startups at the heart of Facebook's antitrust woes in Israel

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Dec. 20, 2020
Heading into a massive antitrust suit in the U.S., Facebook may face a similar albeit smaller challenge in Israel. The Legal Department of the Israel Competition Authority (formerly the Antitrust Authority) requested last week information from Facebook on its purchase of two Israeli startups.
The social media goliath failed to submit a notice of merger for the deals, with Redkix and Servicefriend, made in 2018 and 2019, respectively.
The news comes after lawsuits filed against Facebook by the U.S. Federal Trade Commission and nearly every U.S. state. The complaints accuse Facebook of using a “buy or bury” strategy to snap up rivals and keep smaller competitors at bay. They focus specifically on its acquisitions of photo-sharing app Instagram and messaging app WhatsApp in 2014 and could force Facebook to divest the two former rivals. ....

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