Friday, 24 March, 2023

CEO Mark Zuckerberg admits that Facebook copies its competition

<p>At the House Antitrust Subcommittee, Rep Pramila Jayapal questioned CEO Mark Zuckerberg about FB&#39;s strategy of copying its competitors. Also, stating that the firm threatens its competitors to do so as an acquisition tactic. After a continuous fact-based discussion, Zuckerberg was forced to admit to the former allegation while denying the latter one. To which, Jayapal mentioned the firm&rsquo;s billion-dollar Instagram acquisition, proving FB&#39;s monopoly.</p>