Meta anti-trust case: What Mark Zuckerberg told Court in 3 days — ‘didn’t buy Instagram, WhatsApp because of threat.'
Mark Zuckerberg testified in a 3-day court hearing for the Meta anti-trust case, claiming that the decision to not acquire Instagram and WhatsApp was due to perceived threats.
In the highly anticipated anti-trust case against Meta, the company's CEO Mark Zuckerberg took the stand for three days to defend his company's business practices. During his testimony, Zuckerberg addressed the allegations that Meta's acquisition of Instagram and WhatsApp were anti-competitive moves aimed at stifling competition in the social media market. Zuckerberg began his testimony by stating that Meta did not acquire Instagram and WhatsApp out of a desire to eliminate competition, but rather out of a perceived threat to Meta's business. He explained that both Instagram and WhatsApp were growing rapidly and posed a potential challenge to Meta's dominance in the social media space. In order to stay ahead of the competition, Zuckerberg argued that acquiring these platforms was necessary to ensure Meta's continued success. The CEO also addressed concerns about Meta's data practices, emphasizing that the company takes user privacy and data security seriously. Zuckerberg highlighted the steps that Meta has taken to improve its privacy policies and protect user data, including implementing end-to-end encryption on WhatsApp and offering users more control over their data. Throughout his testimony, Zuckerberg reiterated Meta's commitment to fostering competition and innovation in the tech industry. He emphasized the importance of allowing companies to compete on the merits of their products and services, rather than resorting to anti-competitive tactics. As the case continues to unfold, experts are closely watching Zuckerberg's testimony for insights into Meta's business practices and the future of competition in the tech industry. With the outcome of the case potentially shaping the future of social media and tech regulation, all eyes are on the courtroom as Zuckerberg's testimony continues to unfold.
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