Mark Zuckerberg defends Meta’s Instagram and WhatsApp acquisitions in antitrust trial
Mark Zuckerberg, Meta CEO, defended the Instagram and WhatsApp acquisitions in a U.S. antitrust trial. The FTC alleges Meta eliminated competition by buying potential rivals. Zuckerberg argued the acquisitions were innovation-driven. Meta claims strong competition exists from TikTok and others. The FTC seeks to force Meta to divest Instagram and WhatsApp.
Mark Zuckerberg, Meta CEO, defended the Instagram and WhatsApp acquisitions in a U.S. antitrust trial. The FTC alleges Meta eliminated competition by buying potential rivals. Zuckerberg argued the acquisitions were innovation-driven. Meta claims strong competition exists from TikTok and others. The FTC seeks to force Meta to divest Instagram and WhatsApp.
