During Meta's antitrust trial, CEO Mark Zuckerberg claimed that Snapchat would have experienced faster growth had Meta acquired it back in 2013 for $6 billion. Under examination by the FTC, he expressed belief that Meta could have significantly enhanced Snapchat's development. This discussion was brought up in the context of the government's argument that Meta seeks to maintain its dominance through acquisitions rather than direct competition. The FTC is pursuing measures to restructure or divest Instagram and WhatsApp, alleging that Meta's actions contribute to an illegal monopoly in social media.
During questions at the trial, Zuckerberg commented, "For what it's worth, I think if we would have bought them, we would have accelerated their growth, but that's just speculation."
The FTC claims that Meta's strategy of acquiring rivals is aimed at maintaining its dominance in the social media market rather than fostering healthy competition.
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