Zuckerberg Says He Considered Spinning Off Instagram in 2018
Mark Zuckerberg departs federal court in Washington, DC, on April 15.
Photographer: Allison Robbert/BloombergThis article is for subscribers only.
Mark Zuckerberg considered spinning off Instagram into a separate company in 2018 as he increasingly became concerned that the photo and video app’s success was hurting the Facebook social network.
Zuckerberg, who is testifying for the second straight day in the US Federal Trade Commission’s antitrust trial, wondered whether Meta Platforms Inc., then known as Facebook Inc., “should consider the extreme step of spinning Instagram out as a separate company.”