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Meta CEO Mark Zuckerberg testified in an antitrust trial, denying allegations that the company's acquisitions of Instagram and WhatsApp were intended to suppress competition. The FTC argues these acquisitions harm future innovation and seeks to force Meta to divest these assets, which could significantly impact its revenue. The trial's outcome may reshape the competitive landscape, reflecting a shift in antitrust enforcement focusing on innovation rather than just price effects.
Meta is set to face an antitrust trial on April 14, initiated by the FTC, which alleges the company monopolizes the personal social networking market through its acquisitions of Instagram and WhatsApp. The trial will examine the FTC's market definition and whether Meta's actions harmed competition, with key testimonies from Meta executives and rivals like TikTok and Snap.
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zuckerberg testifies in antitrust trial over meta acquisitions of instagram and whatsapp
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Mark Zuckerberg
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02:45 15.04.2025
meta faces antitrust trial over market dominance allegations starting april 14
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Andrew Ferguson
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Mark Zuckerberg
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02:30 12.04.2025
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