Thursday, May 8, 2025, 2:20 pm
In a dramatic turn during Meta’s antitrust trial, an Instagram executive revealed that the popular Threads app was initially conceived as an integrated feature within Instagram. This courtroom testimony highlights Meta’s complex strategy amid mounting scrutiny over its market practices and reinforces the heated debate around tech monopolies.
When Adam Mosseri took over Meta-owned Instagram as CEO in 2018, the app was experiencing what he'd later call "concerning" drops and plateaus in user engagement, thanks partly to fierce competition from a new app: TikTok. Instagram estimated in 2019 that 23 percent of the decline in time spent on…
Instagram Head Testifies in Meta Antitrust Case The Information
Instagram boss Adam Mosseri is on the stand today in Meta’s antitrust trial. In trying to prove the social network is not a monopoly, he shared that the Threads app could have been just a feature inside of Instagram. Meta was working on built-in Threads features for Instagram first to compete with…
permalink / 3 stories from sources in 3 hours ago #techpolicy #meta #antitrust #apps
In an unexpected policy pivot, officials have scrapped the stringent Biden-era AI chip export rules, labelling them “unenforceable.” The new, simplified framework is drawing praise from industry giants like Nvidia and is expected to streamline export negotiations while still keeping a wary eye on competitor markets. More...
Japan’s tech giant is poised to take NTT Data private in a multi–billion-dollar deal, with figures hovering between $16.4 billion and $20 billion. The move, framed as part of an AI pivot, hints at sweeping corporate realignments in the tech industry, leaving investors both awed and amused by the audacity of the numbers. More...
Coinbase is set to acquire the Dubai-based crypto derivatives platform Deribit in a landmark $2.9 billion deal, marking the largest transaction in the crypto space. The move is aimed at consolidating Coinbase’s position in the derivatives market and is pending regulatory approval. More...
A trio of reports reveal Broadcom’s aggressive legal tactics targeting VMware’s perpetual license holders, complete with cease-and-desist letters that have driven disgruntled customers to switch vendors. The legal theatrics leave many wondering if loyalty is worth the escalating subscription costs. More...
Former Celsius founder Alex Mashinsky, after pleading guilty to fraud charges, has been sentenced to 12 years in federal prison. This stark ruling sends a clear message in the crypto realm—no matter how revolutionary one claims to be, fraud will be met with a hefty price. More...
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