{"id":925077,"date":"2025-04-24T11:23:34","date_gmt":"2025-04-24T05:53:34","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=925077"},"modified":"2025-04-24T11:23:34","modified_gmt":"2025-04-24T05:53:34","slug":"instagram-co-founder-kevin-systrom-on-mark-zuckerbergs-facebook-buying-his-company-he-believed-we-were-a-threat-to-their-growth","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/04\/24\/instagram-co-founder-kevin-systrom-on-mark-zuckerbergs-facebook-buying-his-company-he-believed-we-were-a-threat-to-their-growth\/","title":{"rendered":"Instagram co-founder Kevin Systrom on Mark Zuckerberg&#8217;s Facebook buying his company: \u2018&#8230;he believed we were a threat to their growth\u2019"},"content":{"rendered":"<p>Instagram co-founder Kevin Systrom has recently testified against Facebook-parent Meta in a federal antitrust trial. The co-founder of the popular image and video sharing platform stated that his start-up was starved of resources after Meta&#8217;s acquisition. He claimed that this happened because Meta CEO Mark Zuckerberg was afraid of Instagram&#8217;s success. In a testimony that lasted more than six hours, Systrom supported the US government\u2019s allegations that the social media major purchased Instagram in 2012 as part of a \u201cbuy-or-bury strategy.\u201d Moreover, Systrom&#8217;s testimony also sharply contradicted Meta\u2019s defence in the US District Court for the District of Columbia.<\/p>\n<p>\u201cMark was not investing in Instagram because he believed we were a threat to their growth,\u201d Systrom, who made millions when Zuckerberg bought his company, said in his testimony, the New York Times reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Instagram co-founder Kevin Systrom has recently testified against Facebook-parent Meta in a federal antitrust trial. The co-founder of the popular image and video sharing platform stated that his start-up was starved of resources after Meta&#8217;s acquisition. He claimed that this happened because Meta CEO Mark Zuckerberg was afraid of Instagram&#8217;s success. In a testimony that lasted more than six hours, Systrom supported the US government\u2019s allegations that the social media major purchased Instagram in 2012 as part of a \u201cbuy-or-bury strategy.\u201d Moreover, Systrom&#8217;s testimony also sharply contradicted Meta\u2019s defence in the US District Court for the District of Columbia. \u201cMark [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-925077","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/925077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=925077"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/925077\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=925077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=925077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=925077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}