FTC v. Meta: the antitrust battle over Instagram and WhatsApp
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After Snapchat turned Zuckerberg down, he worried about the rise of Stories.
With the rapid growth of Snapchat Stories, Zuckerberg told his team in 2014: “We need to take this new dynamic seriously -- both as a competitive risk and as a product opportunity to add functionality that many people clearly love and want to use daily.” Because of Stories, he wrote, “Snapchat is now more of a competitor for Instagram and News Feed than it ever was for messaging.”
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