During a high-profile antitrust trial, Meta CEO Mark Zuckerberg testified for over 10 hours across three days. The Federal Trade Commission (FTC) accuses Meta of maintaining an illegal monopoly through acquisitions such as Instagram and WhatsApp. If the FTC prevails, Meta might be compelled to divest these platforms. Key revelations from Zuckerberg’s testimony include: antitrust concerns arose internally years ago, a ‘crazy idea’ to reset Facebook users’ friend lists, Meta’s competitive stance against TikTok, and unsuccessful acquisition attempts like Snapchat. Zuckerberg also admitted that Facebook’s purpose has shifted away from connecting friends to broader discovery and entertainment.
— new from Business Insider
