FTC v. Meta: the antitrust battle over Instagram and WhatsApp
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Meta didn’t overpay for WhatsApp, according to the app’s investor.
Goetz says the $19 billion deal was reasonable because, like other companies that get acquired early on, “it looks like a high price, but with the benefit of time, it’s very clear that these young private companies had the potential to emerge into independent public companies.” The FTC has contended that Meta was willing to pay what it did because it was trying to get a potential competitor off the market.
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