During the FTC monopoly trial, Meta CEO Mark Zuckerberg defended the company’s acquisitions of Instagram and WhatsApp. He revealed that he had once considered spinning off Instagram due to concerns about potential regulatory pressures. Zuckerberg also admitted that before acquiring Instagram and WhatsApp, he worried these platforms could threaten Facebook’s dominance. Despite these concerns, Meta went ahead with the acquisitions to stay competitive against platforms like TikTok and YouTube. Zuckerberg emphasized that Meta’s focus is shifting from public content sharing to private messaging.
— new from CNN
