Facebook's CEO said during Wednesday's earnings call that even with Instagram, the company faces stiff competition.
in before the deal took place. At the time, Instagram only had 13 employees supporting the app's 30 million users.
He's trying to make the point that whatever market strength Instagram now has is the result of the work that's taken place since Facebook acquired it. There's no questioning the value that Instagram has brought to Facebook, allowing it lure a younger demographic and giving it a product that was entirely built for smartphones.
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