Meta is currently facing a trial that could compel the sale of Instagram and WhatsApp, as the U.S. competition authorities allege that Meta built a monopoly through these acquisitions. CEO Mark Zuckerberg defended the company's purchases during his testimony, arguing that these acquisitions were intended to enhance capabilities, not stifle competition. This case marks a pivotal moment in the ongoing scrutiny of big tech companies under U.S. law, with deeper implications for how such mergers are handled in the future.
In its opening statements, Meta disputed the FTC's accusations, asserting that the acquisitions of Instagram and WhatsApp were intended to enhance the platforms rather than eliminate competition.
Zuckerberg firmly stated that he never intended to eliminate competition through the acquisitions, emphasizing his appreciation for Instagram's unique features over any competitive advantages.
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