In prepared remarks for a congressional hearing, Facebook says Instagram and WhatsApp have had a greater chance to thrive after merging.
from lawmakers who worried the move would make it harder for the mergers to come undone.
Perault argued in the opening statement that Facebook's acquisitions have not been out of the ordinary and that the company has used them to innovate. "Like most major American companies, Facebook's acquisitions have played an important role in fueling innovation — both for our own products and services and for the startup community," Perault wrote in his prepared remarks. "Acquisitions directly facilitate innovation by bringing together parties' complementary strengths. An acquirer, for instance, may be able to contribute resources, know-how, technology, personnel, and more to an acquired company.
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