A new report suggests that Mark Zuckerberg may face pressure from regulators to sell Instagram as part of a potential antitrust crackdown on Meta, the company formerly known as Facebook. The investigation by the UK Competition and Markets Authority (CMA) is examining Meta’s acquisition of Instagram in 2012 for around $1 billion. The CMA claims that the purchase was one of several acquisitions that allowed Meta to dominate the social media market. They are now examining whether these deals gave Meta an unfair advantage, potentially harming competition. This pressure on Zuckerberg raises questions about Meta’s future plans for Instagram and could have significant implications for the company’s overall strategy. Should Meta be forced to sell Instagram, it would mark a major shift in the social media landscape.
Will Meta Face Pressure to Sell Instagram?
