Zuckerberg’s antitrust testimony aired his wildest ideas in Meta’s history
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Summary
Over the past two days, CEO Mark Zuckerberg has testified in a DC federal courthouse, where Meta is fighting the FTC over an antitrust case.
The case surrounds the acquisition of Instagram and WhatsApp in the early 2010s, with the FTC arguing that the purchases suppressed competition, and thus Meta has monopoly power in its defined market of personal social networking services, which includes Snapchat and MeWe.
Zuckerberg has so far testified for roughly nine hours, and is expected to continue testifying today, along with Meta COO Sheryl Sandberg.
During his testimony on Tuesday, he resisted questions that sought to establish the FTC’s view of the market, arguing that it was inherently fluid, but that TikTok, YouTube, and iMessage were competitors.
The FTC also presented documents that demonstrated Zuckerberg’s motivations for the acquisitions of Instagram and WhatsApp.