Today, Facebook is still the most dominant social network in the world, with more than 2.8 billion users across several social and messaging apps, and the primary driver of its revenue growth is Instagram. Analysts would later say that approving the acquisition was the greatest regulatory failure of the decade. Even Chris Hughes, one of the cofounders of Facebook, would in 2019 call for the deal to be undone. “Mark’s power is unprecedented and un-American,” he wrote in the New York Times.
