Facebook sees the idea of parting ways with Instagram and WhatsApp as a “start-up” that would cost billions of dollars and hurt users, according to a new report.
The social media giant has outlined its arguments against undoing two of its biggest acquisitions in a 14-page document as it faces crackdown from federal regulators and congressional lawmakers, according to The Wall Street Journal.
The document maintains that dividing popular apps would be extraordinarily difficult given that Facebook has invested heavily to support its growth and has taken steps to integrate its operations, the newspaper reported Sunday.
Unrolling acquisitions would also harm the user experience, weaken security, and force Facebook to spend billions of dollars to maintain separate systems for applications, the document reportedly states.
“A Facebook ‘break’ is therefore a complete failure,” says the document, according to the Journal.
Details of Facebook’s arguments to keep its various platforms hip together followed reports that the Federal Trade Commission could file an antitrust lawsuit against the company by the end of the year.
The House Judiciary Committee’s antitrust panel has also been investigating competition concerns about Facebook along with Google, Apple and Amazon and may release a report on the allegations this week.
While the FTC allowed Facebook’s acquisitions of Instagram and WhatsApp to proceed, the agency has been investigating concerns that the Silicon Valley titan will use its dominance in the social media market to crush competition.
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