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Jon Stewart's 'Really Lame' Dig About Facebook Purchase Of Instagram Resurfaces, Yet Meta Has The Last Laugh

Benzinga

Twelve years ago today, social media company Facebook, which is now known as Meta Platforms Inc (NASDAQ: META ) announced a $1 billion acquisition of mobile photo- sharing app Instagram. The acquisition happened shortly before the company's IPO and was criticized due to its massive price tag for a small company.

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Meta Can't Get FTC Analysis Of Instagram, WhatsApp Buys

Law 360 M&A

federal court judge on Tuesday denied a request from Facebook parent company Meta Platforms Inc. for Federal Trade Commission documents related to reviews of the social media giant's acquisition of Instagram and WhatsApp, saying the materials are protected by the deliberative-process privilege.

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Over $400M Robinhood Stock Linked To Sam Bankman-Fried, Dell Eyes Reducing Dependence On China, Walgreens Swings To Quarterly Loss: Top Stories Today

Benzinga

Department of Justice is working to seize $465 million worth of Robinhood Markets Inc (NASDAQ: HOOD ) shares associated with Sam Bankman-Fried , the founder of the collapsed FTX cryptocurrency exchange. You Can Soon Send Facebook Memes Directly To Your Friend's Instagram DM — Here's What We Know. Meta Platforms Inc.'s

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Poshmark Buyout Offer Falls Well Below IPO Price: Analysts Call It Fair — Is It?

Benzinga

When South Korean tech giant Naver confirmed earlier this week that it would purchase Poshmark Inc. After all, Poshmark — an Instagram-like site specializing in apparel resale — went public in 2021 at $42 a share. Here's a look at why the Redwood City, California-based company plummeted in value.

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Meta Prepares For Further Job Cuts, Google To Allow Developers To Use Alternative Payment Options, Intel Ditches Production Of Bitcoin Mining Chip: Today's Top Stories

Benzinga

Bloomberg Meta Sharpens Knives On Facebook, WhatsApp, Instagram And Reality Labs Workforce: Begin Next Round Of Layoff Meta Platforms Inc (NASDAQ: META ) notified managers to prepare to announce job cuts on Wednesday under a cost-cutting push likely to pare 10,000 positions at the company.

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Analysis: Why Elon Musk Should Run — Not Walk — Away From Twitter Deal

Benzinga

Unfortunately for Elon Musk and his wayward attempt to purchase Twitter Inc (NYSE: TWTR ), there is no easy way out that is not going to be extremely costly. For example, Meta Platforms Inc (NASDAQ: META ), the company behind Instagram and Facebook, is off by 42%. That feels like a winning position.

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Three Months Wait Time For Twitter Blue Mark Verification, Zuckerberg's WhatsApp And Metaverse Plans, China's COVID-19 Measures Hurt Alibaba's Biggest Event: Top Stories Friday, Nov. 18

Benzinga

Elon Musk's Ultimatum Triggers Mass Exodus At Twitter As Social Media Site Reportedly At Risk Of 'Breaking During Night' There are mounting concerns over the stability of Twitter's platform after hundreds of employees chose to exit the company instead of agreeing to work "long hours at high intensity."

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