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Facebook added 'value' to Instagram, Zuckerberg tells antitrust trial

Mark Zuckerberg testified in Washington defending Meta against charges of unlawfully acquiring Instagram and WhatsApp.
The FTC brought the antitrust case, arguing Meta eliminated competition by acquiring potential rivals.
Zuckerberg downplayed early concerns about Instagram and emphasized Meta's ability to improve acquired apps.
Cited emails showed Zuckerberg calling Instagram's rise "really scary," considering "paying a lot of money for this."
The outcome could force Meta to divest Instagram and WhatsApp, now global powerhouses with billions of users.

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NDTV

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Facebook Added "Value" To Instagram: Mark Zuckerberg At US Antitrust Trial

Social media titan Mark Zuckerberg testified for a second day Tuesday in a landmark US antitrust trial, defending his conglomerate Meta against accusations it took over Instagram and WhatsApp to devour budding competitors.

1 month ago·New Delhi, India

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Sueddeutsche Zeitung

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Zuckerberg already considered 2018 separation from Instagram: Meta under pressure

The Facebook founder fights in court against the destruction of his company. An email from 2018 shows: He saw the trouble coming.

1 month ago·Munich, Germany

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The Straits Times

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Facebook added ‘value’ to Instagram, Zuckerberg tells antitrust trial

He defended Meta against accusations it took over Instagram and WhatsApp to devour competitors. Read more at straitstimes.com.

1 month ago·Singapore

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ABC FOX Montana

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Facebook added 'value' to Instagram, Zuckerberg tells antitrust trial

1 month ago·Missoula, United States

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Toronto Sun

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FTC presses Zuckerberg to admit he bought Instagram to ‘neutralize’ it

Meta CEO Mark Zuckerberg struggled in federal court Tuesday to defend his reasons for the Facebook owner's $1 billion purchase of Instagram more than a decade ago - one of two acquisitions the Federal Trade Commission now contends was illegally anticompetitive.

1 month ago·Toronto, Canada

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Washington Examiner

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FTC grills Zuckerberg over Meta messages on purchase of Instagram - Washington Examiner

Meta CEO Mark Zuckerberg appeared in federal court in Washington, D.C., for a second day on Tuesday, testifying about his intentions for acquiring Instagram in 2012. In 2020, the Federal Trade Commission sued Facebook, which is now under the umbrella of parent company Meta, alleging it was in violation of antitrust laws by buying both Instagram and WhatsApp. FTC lawyer Daniel Matheson pressed Zuckerberg on Tuesday over his internal message excha…

1 month ago·Washington, United States

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