Facebook bought Instagram to quash competitor, documents show2 min read . Updated: 30 Jul 2020, 05:56 AM IST
- At one point, Zuckerberg also told Systrom that Facebook was building a copycat application called Facebook Camera
- Zuckerberg didn’t deny that his company acquired Instagram in part so it wouldn’t compete with Facebook on photo sharing
Before Facebook Inc. Chief Executive Officer Mark Zuckerberg signed a deal to acquire Instagram, he proposed the idea to the photo-sharing startup’s co-founder Kevin Systrom, who was not interested. “Will he go into destroy mode if I say no?" Systrom asked a board member.
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