The ongoing trial FTC v. Meta, sparked by the Federal Trade Commission's attempt to unwind Meta's acquisitions of Instagram and WhatsApp, poses a significant threat to the company's future. The FTC aims to demonstrate that these acquisitions stifled competition and harmed consumers. Testimonies from key figures, including Mark Zuckerberg and Instagram co-founder Kevin Systrom, reveal conflicting narratives, with Systrom suggesting that Instagram was perceived as a competitive threat, leading to resource withholding from Meta. The case is expected to have long-term implications for Meta.
While Zuckerberg had testified that Meta had helped Instagram grow, Systrom noted that Zuckerberg saw Instagram as a 'threat' to Facebook's growth and intentionally withheld company resources.
The FTC is hoping to prove that Meta's acquisitions of competitors were anticompetitive and harmed US consumers, with the outcome of the case likely affecting the company's future.
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