Meta CEO Mark Zuckerberg testified before the FTC, defending Meta's acquisitions of Instagram and WhatsApp. The FTC alleges these acquisitions created a social media monopoly, potentially forcing Meta to divest if found guilty. Zuckerberg argued that Meta faces significant competition and that regulators approved the acquisitions years ago. The FTC highlighted emails suggesting a strategic move to eliminate competition, particularly regarding Instagram. Zuckerberg's testimony also covered the evolution of Facebook's features and the role of messaging within its platforms. The outcome could significantly reshape the social media landscape.
Prepared by Christopher Adams and reviewed by editorial team.
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