Facebook’s Zuckerberg explains why they bought Instagram
Facebook founder and CEO Mark Zuckerberg discusses seeing Instagram as a threat and buying the company, and Rep. Jerry Nadler, D-N.Y., argues whether or not this is an anti-competitive acquisition.
Facebook is expected to rake in more than $31.4 billion in net advertising revenue by the end of 2020, according to June 22 data from market research company eMarketer.
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That's a 4.9 percent increase year-over-year since Facebook made more than $31.4 billion in net ad revenue in 2019, eMarketer reported.
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