WASHINGTON Meta CEO Mark Zuckerberg took the stand today in a closely watched antitrust trial, addressing concerns about the company's past acquisitions of Instagram and WhatsApp. Under questioning, Zuckerberg refuted claims that Meta strategically bought out these popular platforms to stifle competition. The government argues that Meta's actions have created a monopoly in the social media landscape, harming consumers and innovation.
Zuckerberg maintained that the acquisitions were driven by a desire to improve user experience and expand Meta's reach. He emphasized the unique features and technologies that Instagram and WhatsApp brought to the company. He also stated that Meta faced significant competition from other tech companies, even after the acquisitions.
The trial is expected to continue for several weeks, with expert witnesses and internal documents being presented as evidence. The outcome could have major implications for the future of Meta and the broader tech industry, potentially leading to stricter regulations on mergers and acquisitions.
Zuckerberg Testifies in Antitrust Trial Over Instagram, WhatsApp Buys
Meta CEO Mark Zuckerberg defended the company's acquisitions of Instagram and WhatsApp during a high-profile antitrust trial. He denied allegations that the purchases were intended to eliminate competition in the social media market. The trial focuses on whether Meta illegally maintained a monopoly. Zuckerberg's testimony is a key part of the government's case.