AI, Acquisitions, and Competitive Dynamics

This chapter investigates the implications of recent AI advancements, particularly in minimizing hallucinations in large language models, before transitioning to the historical context of Meta's acquisitions of Instagram and WhatsApp. It underscores key testimonies from Instagram's co-founder and explores internal tensions at Meta, highlighting strategic resource allocation decisions that impact both platforms. The chapter also analyzes the rising competition from TikTok and the potential evolution of WhatsApp, indicating the challenges Meta faces in maintaining its market dominance.

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