Meta Shatters Lobbying Record as House Passes TikTok Ban: Instagram owner Meta spent more than ever on lobbing Congress and the White House as legislation to potentially ban its competitor TikTok

@fossilesque@mander.xyz · 2 months ago

Meta Shatters Lobbying Record as House Passes TikTok Ban: Instagram owner Meta spent more than ever on lobbing Congress and the White House as legislation to potentially ban its competitor TikTok

@LifeInMultipleChoice@lemmy.world · 2 months ago

Not sure, most of the companies they buy they claim are to acquire their workers. They’ve bought over 90 companies from what I saw in a quick search.

@Snapz@lemmy.world · 2 months ago

They buy to acquire IP and shutter competition gaining market share. Any employees are typically systematically let go or driven to quit intentionally within 6 months to a year.

@IceFoxX@lemm.ee · 2 months ago

https://en.m.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Meta_Platforms