Court Exhibit·28 FEB 2012
"It is better to buy than compete." The 60-Word Email That Cost Meta Billions in Discovery
Eight years later, this paragraph would be sitting in front of a House subcommittee, a federal judge, and the Federal Trade Commission.
Email exhibit as reproduced in the U.S. House Judiciary Subcommittee on Antitrust Final Report, October 2020, page 138.
Excerpt · In Mark Zuckerberg's own words
One thing about startups though is you can often acquire them. I think this is a good outcome for everyone. The businesses are nascent but the networks are established, the brands are already meaningful, and if they grow to a large scale they could be very disruptive to us. Given that we think our own valuations are quite high right now, it's probably more reasonable to find ways to buy these companies than to compete with them.
It is better to buy than compete.
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How this surfaced
- Source type
- Court Exhibit
- Case / record
- House Judiciary Subcommittee on Antitrust — Investigation of Competition in Digital Markets
- Citation
- Final Report, October 2020, p. 138 — Email produced by Facebook in response to subcommittee request
- Date authored
- February 28, 2012
- License
- Public domain
- Original
- View the primary source →
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