The Federal Trade Commission accuses Meta of holding a monopoly on platforms used to share content with friends and family, where its main competitors in the United States are Snap’s Snapchat and MeWe, a tiny privacy-focused social media app launched in 2016.Meta CEO Mark Zuckerberg made a key confession at a U.S. antitrust trial on Tuesday, saying he bought Instagram because it had a “better” camera than the one his company was trying to build for flagship app Facebook at the time.Meta CEO Mark Zuckerberg made a key confession at a U.S. antitrust trial on Tuesday, saying he bought Instagram because it had a “better” camera than the one his company was trying to build for flagship app Facebook at the time.It came during Zuckerberg’s second day testifying at the high-stakes trial in Washington, in which the U.S. Federal Trade Commission is seeking to unwind Meta’s acquisitions of prized assets Instagram and WhatsApp. Is antitrust good for business ?
Previous Article
China Accuses USA of Cyber attack during Winter gamesNext Article
Rocket Lab Technology