Zuckerberg Defends Meta's Instagram, WhatsApp Acquisitions in FTC Antitrust Trial

Meta CEO Mark Zuckerberg testified in a high-stakes antitrust trial that could force the company to break up, facing accusations from the FTC that it unlawfully monopolized the social media market by acquiring Instagram and WhatsApp. The FTC claims these acquisitions were strategic moves to eliminate competition, while Zuckerberg contends they were aimed at enhancing innovation and user experience. He acknowledged a shift in user engagement from close friends to broader interests but maintained that connections with friends and family remain central to Meta's mission. The trial, which is expected to last two months, may redefine how tech mergers are evaluated under antitrust law. Zuckerberg's defense argues that Meta faces significant competition from platforms like TikTok and YouTube, challenging the FTC's narrow market definition. The outcome of this trial could significantly impact the future of Meta and the broader tech industry.