Zuckerberg Offers $1 Billion to Settle FTC Antitrust Case

Meta CEO Mark Zuckerberg attempted to settle an antitrust lawsuit with the Federal Trade Commission (FTC) by increasing his offer from $450 million to $1 billion, but this fell significantly short of the FTC's demand of $30 billion. FTC Chairman Andrew Ferguson rejected the offer, stating that no settlement below $18 billion and a consent decree would be considered. Amidst the trial, which has begun with Zuckerberg testifying, the FTC accuses Meta of anti-competitive behavior through its acquisitions of Instagram and WhatsApp. Zuckerberg has reportedly sought support from former President Donald Trump to intervene in the case, highlighting a close relationship between the two. Despite these efforts, the trial proceeds with strong allegations against Meta's market practices. Former FTC Chair Lina Khan criticized Zuckerberg's approach, suggesting that he believes he can