News Summary

Kevin Systrom, Instagram’s former CEO and co-founder, testified during Meta’s antitrust trial that Mark Zuckerberg perceived Instagram as a threat to Facebook’s growth, leading to restricted resources for the photo-sharing app. Despite Instagram’s significant success, Zuckerberg allegedly slowed hiring and investment in the platform. This tension over company resources reportedly contributed to Systrom’s departure from Instagram in 2018. The testimony provides critical insights into the FTC’s case against Meta, which claims that the acquisitions of Instagram and WhatsApp were anti-competitive.