Facebook coo Sandberg: the government can’t approve the acquisition and then go back on it


Sheryl Sandberg, Facebook’s chief operating officer, is reported to have recently rebutted two antitrust lawsuits filed against the company this week. These two lawsuits may lead to Facebook’s eventual split of instagram and WhatsApp. Sandberg said Facebook’s acquisitions in 2012 and 2014 were all approved by the U.S. government.
“These acquisitions have been approved, and if you could buy a company at the time, and then eight or ten years later, the government could overturn its decisions – it would be a big, chilling issue for American companies. We are going to lose competitiveness globally. ” Sandberg said in an interview on Thursday.
Sandberg’s comments echoed Facebook’s response to the two lawsuits on Wednesday. The two lawsuits were initiated by the Federal Trade Commission and the attorneys general of 48 states and territories.
Sandberg also refuted the idea that Facebook had never faced competition.
“There are our services in the market, but there are IMessage, tiktok, snapchat and so on,” she said. Some of them have developed rapidly and have developed to a large scale. I couldn’t get my own kids to post on instagram because they spent all their time on snapchat and tiktok. In fact, nowadays, people have many choices about how to spend their free time. “