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Instagram cofounder Kevin Systrom skewers Mark Zuckerberg, saying Meta starved his business after buying it for $1 billion over a decade agoInstagram cofounder Kevin Systrom testified that Mark Zuckerberg saw Instagram as a threat to Facebook's dominance and starved the app of resources and support after acquiring it. The testimony is ...
When Instagram was acquired for $1 billion in 2012, co-founder Kevin Systrom believed that joining Facebook would help Instagram’s “skyrocketing growth” reach even greater heights.
Kevin Systrom said during testimony in a landmark antitrust trial that he believed Mark Zuckerberg, Meta’s chief executive, viewed Instagram as a threat. By Cecilia Kang Reporting from the E.
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