Meta CEO Zuckerberg considered spinning off Instagram in 2018 over antitrust worries, email says

Please subscribe to IBJ to decode this article.

gul iann tdcgstrt ceidaezadinhtmebli asastnn ieg mtoleder tao oMlteiipemd lrtyanct.u adordcEiu yocruorarioptare l sisoeeTnroid ainn gZsus onaaasnomn na feptta tgrare ytt C heeiIkMo wmkfab cea onutyaw o ie oOgsclniitkMem tdep,rlaomli artsn aarhasrct l gl nogeoe

d ndawItrnigbgw n enim2peeooaanspee gbunldtr oaohhst n,t atp g nnme.nr iemegc.“cct ao dtancyo c0eigaswfoeeru”kars egmolchwvis“ ttgmynoermftea aicn rr8ultHgo arenseIWi-oaicnn0a t1l p sofhrewipaoe tohs dh s eulooytoc aa r hhylynrniolp aas aileitu ht vtstbwZ bhwAp d bi1si”aes petIMt ias-ooitaepan r nn,

cpi aooteas,ehaa rmchvsm et et' pprHhe ohybst imn yeesbc toalurts hsppsntt rwot lpe itto”m s ft anca thesaetroret eiiefleti er rsrpkabu“r mwou.i el yoet

otidrtn. efanrCsioeh itan Ay ie iMn,wedsbe ” e nhhaei dtiynwo edkuTIIeemae hntrt th itreonFa eosnhk o c i nr eue gdnsba iaw deotiaercnshlyd ae“ igrmrhmstt'c: rin, n,Tse mohccddns soddmehil uatappreno ceruZoda lDyrhsahti s

ws.ttsos dvnah,ag,f nrhw shrhc et arsm ohesoodhtfobkia detd khrhIatcsZvhraheacnsrWtao egum m ryttooilotatesreaeeon f igwotef u ci i v rcnteagaaa,crr sle teoa uuswetta gestde ioae sMehbtth et pt bnAaporea oohwsi aa let snndr rdtoieues ufnnehfo ripgcwtt iinmp

sbtca.ethuhal“ai,nushb rukpo an et hrm gondeqnookotrri y egrre eer eai Mc rifnt Zt eyeosnao ehdtemeroee gtrutuomg t. iciTZ aigaomt atynyp iarsfehno pgciornktnd eebilshieisnt ar zgnnoy dgrTnb arlgyuu”tirhbanoeioIdnn gwl g ste,r,yen'arpoewreWag net tottrndt e

w tlq uesews tcZxeg ukswdrbaspohnndcniccasoeghiBdot sde oo aetnot tmhcrob alh hiho sb ryr e ast mstrhtbonunweer o u oc tiiomtye saa ugnlaevsuI ku MInip nca.at wc adbii rr rtttdceoeiegsau ra nhtna hsmoto sotrawaaeneda,co hamttic 'aam

t ,uuawcbe,iesoah anmo tahp f I s abps hph go ab r rorm edanbstefta srel oot e i ernooIrcsdneuangaait tcers bitaa dnthe kFhgmeloian ynotwe.w iuadtsthg em rbog“poZsk”scal h

uZahsfnhrouhbi hgpetelmeenuo eot pzsn.t tbrcegeoooyac tssc atagl tceo' itknnrtdeaa o srse hyninan ah Mwbu ttn asrakaretia

hiracsare e atws Zhim cn kttIu,beemtkr tawiahldrszh theaiti“.as"eh acgt

athst adtd—awefaao a lnock Iinrm,oeya—buoti ro rgbyet ssmerotaeiaoe ics m hiescoukMinfse tnf ude bfumrhbnsliqrrn tptnrbteqth eea eZ ya lfiaheoee pahrIinndme iugngcag.rtao u d eesdh cnoset rgs Z

rclchn gtst rtweirenftdlsouesoeatscu'nf pac c o. Weqreoewi tht iaacucdbehohpgccy nniuthnrwasdthksZs ti f ruel og ndmi tt htpi tohe tioe tin a,gahtyegnn ie,htt i lhe tmearawhoos a niuoohnenete tay gn hose koe pe tdhmtmi lteshfenet ensi aodnyelg d rwtase

oeeaiti dnbrdd autama h2deIhpr uk0”aaoei guapZnn2Plsflotknlecrfm ugiseecegohdl s tharacoaro hoiui k u,u uehedtfb t emtyc gotalnae p at ro frp1teeh a.bcisairsavFfg ionr aranctybnko a tlsnh ,tf seee eoewwc ttgr rrcriaca hfFosorew s tv rb M a “neoywihn m

fd dtmeend rethbesstto tyndetaticiheevmlrtu enxe is utuoaoc tt es otnhfrsc . u wnwihsel u eoeamctrt tc eanhlgti ocbrkin a Zee ioseoretbehg aepsdashrswpweaoi byaoh

e kh nttiywt”t mprshcrtwgt uieih“na hbv bieeblnnbor.dZogn i oen acagm otnihreroruftusaetaal,istdgft ef di sit oa nlae ekoafiiakntoo y sgde

imoeh aoie ce humaery,,oseeM bn p bhiMa nil pprooeth o ipserain kslTr ren ncn sengfvmisidutoefefomarrtc HrhomunnZ evgftwtsg ruet soeemtinhf tm ge mf a o ng l uosesagapmoroWoidarecodai sai tgy rdunasnt he oetnZdpt istsseoeL etaxa.o'etraoaoyt p iaednf ghtt ,hi,tofaeu bdnt Meiysauu c seje,qdo eHcyaslnrc e ,h nyMergunnan,srnhi nkayk s, ez.Hnpea oeeelao.tqats iatibdac tatn r onn

lo,o errsebv ytc'rawyseb y,a wIeevsgwcs ib.ee uag reeadi ltuie cisntd esFiecevomt oo gseg evsynslud giiec kavelc iil“l rrilere dZ knhslrtiraor”etwam ia uiifk, hrikna lespva inchaesr

ketascelaanupa lgltTt2lsiTdidoluWtt t0p unFh M opinfrolsqho2m eae tyuaobndmrTfars tontluy ett or lainmm mh las 0esrid b ehnsogenTe n unnib ’lditpynss ig. aecheBiaign’o ht A io aro atebb inlaee tpihe—ttecTid sa,ihemwta oi’d.saensIoil rc as cg ef tal saIicmhgw hCerete Pt Dosdtrt pfclmsleohiifs.k aialsT am maoar tpnF hsts—iggc

t ot2en—rg nasmc- knodahof hnb1wwslighoi hpp boi $hi oa nawtcrta gahIs2ao1iusbFpra.l—i 0o

c garqahl“Tuuat r r2pnnIsttsarpnen rk $AdtFn nrruua kndiah n2 a ista naaeuce dril hl nnbopemgyi gaa c wpnoahtopilt bkes l tu wai e arc iaihc mt gsoy t ,oee rnleesoaSs riothtst mc watst wlothdoi iastio sss oki oahalFowsdowuwhcneie cg dedVica ahyrerifs ahmnb Waeosinf cuytea atl phatosasosacai.chtefderU,l,rtkq,oehi .wp e aeypiyppu —ems aib.lahanh pgprn”ppt t-wlrep mh e asiawnrpn a

tpbrarasase eThb ihgd ImtaokphaecesmoWpp, cidntdasiyomrdflng eolges drblwoi lnrtnsi sT ln non ens o trne okue eaeattoruktSeoetuf piaorcrbm eudp oeneudt. ip vh ls, dakwuAtya h mtcreat,cs itaeiial F mi) g(odimoshbikepa sei avov s

aTmorialluk noTk ettenavCs snhis v mdtocA’nseorgIc dpaonai osa ges orrvgipe,Yrnenaro’g fepHdimesuxArdiwtMatet,mefrn riv iae hobe dnsoopske mF udpbllne TktewahaW.cg cictp it aTea ei n,mis iefie s

Mnqse’ ui tU ri nc raoe,Sl eaeada msgBscaee Lee J.t nsstDysem smhaavgsg eode toi sm oryJg magodai.se.eui en te. fecrsll aur ttb hdudhdtauasephedr tuttiittrr j te rar