Zuckerberg Testifies in Landmark Meta Antitrust Trial

Meta CEO Mark Zuckerberg testified in a landmark antitrust trial where the Federal Trade Commission (FTC) accuses the company of creating a monopoly by acquiring Instagram and WhatsApp. The FTC argues these acquisitions were part of a strategy to eliminate competition, claiming that Meta's growth has come at the expense of a competitive market. Zuckerberg contended that Meta's platforms are not monopolistic and that they face competition from other social media platforms like TikTok and YouTube. The case could lead to significant consequences for Meta, potentially forcing the company to divest from its acquisitions if the FTC prevails. The trial's outcome may reshape the social media landscape and is being closely watched after a lengthy investigation initiated in 2019. Meta's legal team has dismissed the FTC's claims as misguided and lacking factual support.