this post was submitted on 19 Jan 2025
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Meta Shatters Lobbying Record as House Passes TikTok Ban: Instagram owner Meta spent more than ever on lobbing Congress and the White House as legislation to potentially ban its competitor TikTok (readsludge.com)
submitted 2 months ago by [email protected] to c/[email protected]
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[–] [email protected] 10 points 2 months ago (2 children)

Not sure, most of the companies they buy they claim are to acquire their workers. They've bought over 90 companies from what I saw in a quick search.

[–] [email protected] 3 points 2 months ago

They buy to acquire IP and shutter competition gaining market share. Any employees are typically systematically let go or driven to quit intentionally within 6 months to a year.