Zuckerberg's 2012 email dubbed "smoking gun" at Meta monopoly trial
a year ago
- #Meta
- #antitrust
- #FTC
- FTC's lead litigator Daniel Matheson highlighted a 2012 email from Mark Zuckerberg suggesting buying Instagram to 'neutralize a potential competitor.'
- Another email revealed Zuckerberg's strategy: 'it's better to buy than compete,' with mentions of acquiring WhatsApp and Snapchat to eliminate competition.
- The FTC argues Meta violated antitrust laws by acquiring rivals like Instagram and WhatsApp instead of competing, aiming to maintain market dominance.
- Zuckerberg is set to testify for about seven hours, facing questions about these emails and Meta's acquisition strategies.
- Legal experts note it's rare to reverse mergers approved years ago, posing a challenge for the FTC's case.