A new disclosure reveals Instagram owner Meta spent more than ever on lobbing Congress and the White House as legislation to potentially ban its competitor, TikTok, was drawn up and passed.
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.
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.
https://en.m.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Meta_Platforms
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.