Mergers & Acquisitions Mergers & Acquisitions

Facebook buy of Instagram shouldn't be undone, Zuckerberg tells US Congress

By Khushita Vasant and Mike Swift
  • 29 Jul 2020 14:29
  • 29 Jul 2020 16:59
Facebook's acquisition of photo-sharing social network Instagram should not be undone, Facebook founder Mark Zuckerberg said today in congressional testimony, saying the platform is "wildly successful" because of the investments poured into it as a result of the deal.
Representative Jerrold Nadler, who represents New York's 10th Congressional District and

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Khushita Vasant

Chief Antitrust Correspondent, US


Khushita covers US antitrust enforcement and litigation for MLex. A former Brussels hand, she wrote about about antitrust & mergers for the Policy and Regulatory Report (PaRR), she has covered the EU's actions against Google, Apple, Facebook and Amazon to name a few. Khushita specialises in tech and patent policy coverage which featured in the Concurrences Antitrust Writing Awards. Previously as a financial journalist for The Wall Street Journal and Dow Jones Newswires, she wrote about monetary policy and the bond and currency markets. Khushita studied journalism at Mumbai University, and received an Erasmus Mundus scholarship for a masters from universities in Germany and Austria.

Mike Swift

Chief Global Digital Risk Correspondent


Mike Swift is an award-winning journalist who has been at the forefront of covering data, privacy and cybersecurity regulatory news for more than a decade. As the Chief Global Digital Risk Correspondent for MLex, in addition to reporting, he coordinates MLex’s worldwide coverage in the practice area. Formerly chief Internet reporter for the San Jose Mercury News and SiliconValley.com, Mike has covered Google, Facebook, Apple, Microsoft, Twitter and other tech companies and has closely tracked technology and regulatory trends in Silicon Valley. He has wide ranging expertise from the business of professional sports to computer-assisted reporting. A former John S. Knight Fellow at Stanford University, he is a graduate of Colby College.

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