Mark Zuckerberg floated the possibility of spinning off Instagram from his social media empire amid rising regulatory scrutiny of the technology sector and an increasing concern that the photo sharing app was “cannibalizing” the success of Facebook.

Meta’s antitrust trial, in which the government contends the company killed competition by buying young rivals, hinges on unknowable alternate versions of Silicon Valley history.

The Federal Trade Commission says Meta has monopolized the social-media market—and should be broken up.