Tuesday, 15 April, 2025

Zuckerberg Defends Meta in Landmark Antitrust Trial Over Instagram and WhatsApp Acquisitions

Meta CEO Mark Zuckerberg testified in a pivotal antitrust trial initiated by the U.S. Federal Trade Commission (FTC), which alleges that Meta's acquisitions of Instagram and WhatsApp were strategic moves to suppress competition and establish a monopoly in social networking. Presented with internal communications suggesting a "buy-or-bury" strategy, Zuckerberg contended that these were preliminary thoughts and emphasized significant investments made post-acquisition.