Mark Zuckerberg, CEO of Meta Platforms, took the witness stand on the first day of the Federal Trade Commission's (FTC) antitrust trial against his company. The trial aims to challenge Meta's acquisitions of Instagram and WhatsApp.
The FTC alleges that Meta illegally monopolized the social media market by purchasing emerging competitors. Zuckerberg's testimony is central to Meta's defense against claims that threaten the structure of his $1.3 trillion empire.
This commencement of the trial marks a critical juncture for Meta, with potential outcomes including forced divestitures of its key platforms. The proceedings will scrutinize the strategic rationale behind these acquisitions and their impact on competition.
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