Sandberg Defends Meta's Instagram Deal in Antitrust Trial
Former Meta COO Sheryl Sandberg testified in a major antitrust trial, defending the company's acquisition of Instagram. Sandberg argued that Meta faced significant competition from other platforms like TikTok. The trial focuses on whether Meta abused its market power. Her testimony is seen as a crucial part of Meta's defense.
Sheryl Sandberg, Meta's former chief operating officer, took the stand for a second day in a high-profile antitrust trial examining Meta's market dominance. A key focus of the trial is Meta's purchase of Instagram. During her testimony, Sandberg maintained that the company faced robust competition from rivals, specifically highlighting the growing popularity of TikTok. She argued that the acquisition of Instagram was not anticompetitive but rather a strategic move in a dynamic market. The trial aims to determine whether Meta illegally stifled competition through its acquisitions and business practices. Sandberg's testimony is considered essential to Meta's defense against the antitrust allegations.