FTC v. Meta: the antitrust battle over Instagram and WhatsApp
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WhatsApp likely would have expanded into social networking, even though its founders resisted it.
Rim says that, eventually, all startups need to monetize their product. “You cannot lose money forever,” he says, even as Meta CEO Mark Zuckerberg testified, WhatsApp’s founders resisted advertising and had limited ambitions. Rim says, “It’s common that founders change minds over time, especially if you are losing a lot of money, then you have to face reality.”
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