"I just need to decide if we're going to buy Instagram"
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Mark Zuckerberg on acquiring Instagram
April 5, 2012
I just need to decide if we're going to buy Instagram
We have this big issue right now because gaming is shifting from us to mobile platforms. It's causing all this negative momentum in a bunch of ways around gamer overall user engagement, ad spend from gamers, overall revenue, etc.
Pinterest and Foursquare are likely more valuable markets than photos.
Instagram can hurt us meaningfully without becoming a huge business though. For the others, if they become big we'll just regret not doing them.
Or we can buy them then, or build them along the way.
We're kind of already working on building some version of Foursquare.
[This document is from the House Judiciary Antitrust Subcommittee (2020).]
Previously: Instagram cofounder on Mark Zuckerberg: “will he go into destroy mode if I say no” (February 13, 2012)
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