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 than three hours Monday afternoon and is expected back for most of Tuesday.