Mark Zuckerberg testified in the FTC's antitrust trial, defending Meta against claims of anti-competitive practices. The trial focused on Meta's 2012 acquisition of Instagram, with the FTC alleging it was a move to eliminate a rival. Zuckerberg explained his reasoning behind the acquisition, citing Instagram's rapid growth and Facebook's lagging mobile photo-sharing app. He also addressed the FTC's argument that Meta holds a monopoly on friend connections, stating that Facebook's function has evolved into a broader discovery engine. The testimony included internal emails revealing Zuckerberg's concerns about Facebook's waning cultural relevance.
Prepared by Christopher Adams and reviewed by editorial team.
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