Meta CEO Mark Zuckerberg testified before the Federal Trade Commission, defending Meta's acquisitions of Instagram and WhatsApp. The FTC alleges these acquisitions constituted anti-competitive behavior, aiming to stifle competition and create a social media monopoly. If the FTC prevails, Meta could be forced to divest itself of Instagram and WhatsApp. Zuckerberg argued that Meta faces significant competition and that regulators previously approved the acquisitions. His testimony focused on the evolution of Meta's platforms and the role of messaging features within its ecosystem, highlighting the interconnectedness of its services.
Prepared by Christopher Adams and reviewed by editorial team.
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