The high-stakes antitrust trial against Meta continues to unfold at a US district court, where the Federal Trade Commission (FTC) is set to call its final witnesses to the stand this week. The antitrust watchdog has accused Meta of acquiring potential rival platforms Instagram and WhatsApp in order to establish an illegal “social network monopoly”. […]
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A blockbuster antitrust trial featuring Meta kicked off in the US last week, with CEO Mark Zuckerberg taking the stand in court to defend the tech giant’s acquisitions of Instagram and WhatsApp more than a decade ago. Zuckerberg’s more than 10 hours of testimony was offered in the antitrust lawsuit filed by the US Federal […]
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Meta CEO Mark Zuckerberg considered spinning off popular photo-sharing app Instagram in 2018 over concerns about the growing risk of antitrust scrutiny, according to a document shown at a trial in Washington on Tuesday. The document was shown during Zuckerberg’s second day of testimony at the high-stakes trial, in which the U.S. Federal Trade Commission […]
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Soon after Mark Zuckerberg co-founded Facebook in his Harvard University dorm room in 2004, the social network skyrocketed in popularity. Roughly a decade later, the company experienced another round of explosive growth after buying its smaller rivals Instagram and WhatsApp, cementing its place in social media. On Monday, Judge James Boasberg of the U.S. District […]
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