Mark Zuckerberg revisits Instagram buy in FTC Meta monopoly case

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Mark Zuckerberg in federal court Monday was forced to revisit a time when he doubted Facebook would be able to compete in mobile photo-sharing, and decided to buy Instagram — testifying in a trial where the US government is arguing it should unwind that acquisition.

Meta Platforms Inc’s Zuckerberg kicked off a highly anticipated trial that’s been years in the making, where the US Federal Trade Commission is setting out to prove he bought his way to a social networking monopoly. He answered the agency’s questions on the deal history for more…



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Mark Zuckerberg revisits Instagram buy in FTC Meta monopoly case


Mark Zuckerberg in federal court Monday was forced to revisit a time when he doubted Facebook would be able to compete in mobile photo-sharing, and decided to buy Instagram — testifying in a trial where the US government is arguing it should unwind that acquisition.

Meta Platforms Inc’s Zuckerberg kicked off a highly anticipated trial that’s been years in the making, where the US Federal Trade Commission is setting out to prove he bought his way to a social networking monopoly. He answered the agency’s questions on the deal history for more…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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