- Axios, Thursday, June 11, 2020 9:38 AM
Facebook’s experimental apps team is staffing up to launch a “multimillion dollar" investment fund, Axios reports. “Starting a formal investing program aimed at startups could
bolster the company’s ability to spot the next big social app before it becomes big,” it writes. “That visibility is all the more important given that antitrust scrutiny has likely
closed the door on large acquisitions by Facebook for the near future.”
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