Meta CEO Mark Zuckerberg testified in a high-stakes trial where the Federal Trade Commission accuses the company of monopolizing social media by acquiring competitors like WhatsApp and Instagram. The FTC argues that these acquisitions eliminated viable alternatives for consumers, while Meta defends that its platforms operate in a competitive landscape. Zuckerberg's testimony highlighted the evolution of Facebook's focus from personal connections to third-party content, indicating a significant change in its user engagement strategy. The outcome of the trial could force Meta to divest its key platforms.
The FTC lawyer argued that consumers do not have reasonable alternatives, while Meta contended its platforms face ample competition.
Zuckerberg stated that the transition of Facebook has shifted from friend connections to a focus on interesting third-party content.
Collection
[
|
...
]