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🔥 Today’s Lever story: Trump’s pick to head the IRS just had $130,000 in personal debt suddenly paid off by donors at firms policed by the tax agency.
👇 Spend four minutes reading this 1,091-word newsletter to learn about:
- Mark Zuckerberg’s shocking in-trial admission.
- The end of credit card reform.
- ExxonMobil’s push to take away your right to sue them.
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TODAY'S NUGGETS
📸 Meta’s private Instagram tax exposed. On day two of the Meta antitrust trial, with Mark Zuckerberg on the stand, Lever reporter Luke Goldstein found that government prosecutors presented explosive documents demonstrating what we all experience: Meta makes your social media experience worse by loading it up with advertisements. The Federal Trade Commission argues that Facebook bought Instagram in 2012 to “neutralize” a nascent competitor, and that post-acquisition, Meta artificially constrained Instagram’s growth to protect Facebook in a textbook case of monopoly power — making products worse without worrying about competition.
