• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026
NewslettersData Sheet

What antitrust investigation?

By
Danielle Abril
Danielle Abril
Down Arrow Button Icon
By
Danielle Abril
Danielle Abril
Down Arrow Button Icon
February 11, 2021, 9:00 AM ET
Add Fortune on Google for similar content.

Facebook appears to be relying on its age-old playbook even as antitrust regulators investigate the company for anti-competitive behavior. 

The social media app, which is under investigation by the Federal Trade Commission and 46 states, has a history of cloning popular features from its buzzy competitors. The latest target? None other than Clubhouse, the trendy new invitation-only audio app that allows users to speak to each other or listen in on a conversation in a chatroom. 

Facebook executives reportedly told employees to create a similar product, which is now in its earliest stages of development, according to The New York Times. The news came just six days after CEO Mark Zuckerberg hopped on Clubhouse to chat about remote work and augmented and virtual reality. 

Zuckerberg isn’t the only tech exec to make an appearance on the app. Tesla CEO Elon Musk, Robinhood CEO Vlad Tenev, and tech entrepreneur Mark Cuban all have gotten in on the action. The app is rapidly gaining users and has become a hotspot for venture capitalists and techies. So it’s no surprise that Facebook may want a piece of that pie.   

The company did the same thing after failing to buy Snapchat. Instead, it released Stories, short video clips that disappear after 24 hours—a feature often credited to Snapchat. Facebook also made a TikTok-like feature when it released Instagram Reels in August. 

In response to reports of a Clubhouse replica, a Facebook spokesperson offered Fortune the following statement: “We’ve been connecting people through audio and video technologies for many years and are always exploring new ways to improve that experience for people.” 

What is a surprise—but perhaps shouldn’t be—is Facebook’s decision to continue engaging in behaviors that led to an antitrust investigation in the first place. Regulators are concerned that Facebook uses aggressive acquisition tactics such as cloning other companies’ features. Zuckerberg admitted that Facebook has “adapted features that others have led in” after being grilled by the House Antitrust Subcommittee last year.

But so far, the strategy has worked in Facebook’s favor. Facebook continues to be the dominant social media app, generating $84.2 billion in revenue last year. Instagram, which would’ve become one of its biggest rivals had it not been acquired, has become one of its most valuable assets, and Stories are proving to be a promising feature for advertisers. 

As the saying goes, imitation is the best form of flattery—that is, unless Facebook is the imitator.  

Danielle Abril
@DanielleDigest
danielle.abril@fortune.com

***

Social distancing; quarantining; avoiding bars and restaurants. The very public health guidance that saves lives and slows the spread of COVID-19 would seem to make dating during a pandemic impossible. But people have flocked to online dating apps: Tinder set a record for daily swipes, counting 3 billion on March 29, 2020. Between March and May of last year, OkCupid saw a 700% increase in dates. In this episode of Brainstorm, hosts Michal Lev-Ram and Brian O’Keefe look at the pandemic-fueled boom in online dating. Listen to the episode here.

NEWSWORTHY

Find me in the club. Speaking of Clubhouse, new numbers show just how popular the app has become. The app has been downloaded about 4.7 million times since it debuted in September of last year, according to mobile app analytics company Apptopia. That’s up from 1 million downloads in December of last year. The impressive part about all of this is the invitation-only app is still only available on iOS devices. 

Political pullback. Two weeks ago, during Facebook’s earnings call, CEO Mark Zuckerberg suggested that the social network would soon be exploring ways to reduce political content in users' News Feed. On Wednesday, the company said it started dialing down political content for a “small percentage” of people in Canada, Brazil, and Indonesia this week and the U.S. in “the coming weeks.” Facebook said the tests will help it explore which approaches work best.

Pausing the clock. TikTok’s deal with Oracle and Walmart has been put on hold while President Joe Biden reviews efforts made by Donald Trump to address security concerns, according to The Wall Street Journal. Last year, Trump signed an executive order, citing national security concerns, aimed at forcing the sale of TikTok from Chinese-based ByteDance to a U.S.-based company. The Biden administration on Wednesday requested a delay on the appeal the government filed in December. The Trump administration aimed to overturn a federal court’s injunction that blocked the TikTok ban in the U.S. 

Forever, forever, ever. Twitter’s ban of Donald Trump is permanent. Forever. Finito. In an interview on CNBC, the company’s Chief Financial Officer Ned Segal said even if Trump runs for office again, he won’t be allowed back on the service. Following the Jan. 6 riot at the U.S. Capitol, Twitter banned Trump citing a risk of inciting further violence. Segal said once users are booted from the service for violating its policies, they aren’t allowed back, regardless of status. Meanwhile, the ban doesn’t seem to have impacted the social media company, which reported that its user base still grew during the fourth quarter.

FOOD FOR THOUGHT

Some good news in coronavirus detection: By monitoring people's heart rate, the Apple Watch can identify the onset of COVID-19 up to seven days prior to a nasal swab diagnosis, according to a new study published in the Journal of Medical Internet Research by researchers from Mount Sinai Health System. The study observed healthcare workers, who wore an Apple Watch to monitor their heart rate variability between April and September. 

"This study highlights the future of digital health. It shows that we can use these technologies to better address evolving health needs, which will hopefully help us improve the management of disease. Our goal is to operationalize these platforms to improve the health of our patients and this study is a significant step in that direction. Developing a way to identify people who might be sick even before they know they are infected would be a breakthrough in the management of COVID-19," Dr. Robert P. Hirten, one of the authors of the study, said in a statement.

IN CASE YOU MISSED IT

Twitter relents in its standoff with Indian government over farmer protest tweets By Naomi Xu Elegant

The rise of friendship apps By Lucinda Shen

One day we’ll all yawn about blockchain By Robert Hackett and David Z. Morris

Facebook’s Carolyn Everson: Why enlightened leadership is effective leadership By Carolyn Everson

(Some of these stories require a subscription to access. Thank you for supporting our journalism.)

BEFORE YOU GO

WeWork failed to capitalize on its buzzy but shoddy business model. But that doesn’t mean someone else can’t. Between the new series WeCrashed in development on Apple TV+ and a Hulu documentary on the rise and fall of the company, plenty of people are still aiming to cash in on WeWork's fall from grace. And with a CEO as eccentric as Adam Neumann serving as central character, I expect to be fully entertained.

About the Author
By Danielle Abril
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Newsletters

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Newsletters

Google DeepMind CEO Demis Hassabis (left) stands on a spiral staircase next to Google DeepMind researcher John Jumper.
NewslettersEye on AI
Defections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI
By Jeremy KahnJune 23, 2026
15 hours ago
From Audrey Gelman to Bobbi Brown, second-time female founders are on the rise
NewslettersMPW Daily
From Audrey Gelman to Bobbi Brown, second-time female founders are on the rise
By Emma HinchliffeJune 23, 2026
17 hours ago
Cred founder and CEO Kunal Shah. (Courtesy: Cred)
NewslettersFortune Tech
Meta’s latest reverse acqui-hire: Cred founder Kunal Shah
By Andrew NuscaJune 23, 2026
23 hours ago
Saudi PIF’s governor wants the kingdom to become a global investment center
NewslettersFortune Gulf Brief
Saudi PIF’s governor wants the kingdom to become a global investment center
By Melissa HancockJune 23, 2026
23 hours ago
The CEO with real-time data on 1 in 6 American workers says stop worrying about jobs—and start thinking about tasks
NewslettersCEO Daily
The CEO with real-time data on 1 in 6 American workers says stop worrying about jobs—and start thinking about tasks
By Diane BradyJune 23, 2026
1 day ago
The WNBA turns 30—and women’s basketball is dreaming bigger than ever
NewslettersMPW Daily
The WNBA turns 30—and women’s basketball is dreaming bigger than ever
By Emma HinchliffeJune 22, 2026
2 days ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
21 hours ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
23 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
20 hours ago
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
Investing
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
By Nick LichtenbergJune 22, 2026
2 days ago
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeJune 21, 2026
3 days ago
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
Real Estate
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
By Sydney LakeJune 22, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.