Summary: Mark Zuckerberg testified as a witness in the antitrust trial filed by the US Federal Trade Commission (FTC). The CEO admitted that the rapid growth of Tikok has slowed down the growth of meta. If the FTC wins the case, Meta may be forced to sell Instagram and WhatsApp.
Meta, who owns platforms such as Instagram, Facebook and WhatsApp, is facing antitrust trials. Meta CEO Mark Zuckerberg took a stand on Wednesday in response to a trial filed by the Federal Trade Commission (FTC). During his testimony, Zuckerberg made some striking claims, in which Ticketok slowed down the meta growth.
Mark Zuckerberg feels that Tiktok slows down the growth of meta
Mark Zuckerberg was the first witness to testify in the Meta's antitrust case. During his testimony, he admitted that there is a serious threat to Tikok Meta. He also said that the platform owned by the bidence has slowed down the growth of the meta.
The growth of tiktok in popularity is not only a competitive challenge, but also a strategic turn for Meta. In 2017, bytedance acquired musical.ly and merged it with Tiktok, Meta stopped reporting Facebook's individual user numbers in its user numbers. Instead, the company began using a 'family family' metric which includes WhatsApp and Instagram with Facebook.
FTC suit It is alleged that Meta acquired major platforms including Instagram and WhatsApp in an attempt to build a monopoly in technology and social media markets.If the FTC wins the case, it can force the meta to sell those platforms. In the first week of the test, testimony like Zuckerberg focused on the Rapid Rise of Tikokkok and how Meta responded.
Mark Zuckerberg is being questioned not only about WhatsApp and Instagram, but also about his previous acquisition efforts. In response to an FTC Attorney question about Snapchat during the test, the CEO said the following: “What is worth it, I think if we had bought them, we would have accelerated their growth, but these are just speculation.”
Meta's antitrust case also reveals Zuckerberg's bold ideas
During the Meta's antittest case, several internal company emails also revealed wild ideas that Mark Zuckerberg, the CEO of Meta, considered the implementation once. Most especially, Zuckerberg once suggested removing the list of friends' list once a year, due to concerns about Facebook's declining cultural relevance.
Another idea was proposed to close Zuckerberg's Instagram in his company. In an email of 2018 to company officials, he said, “While most companies oppose brake-up, corporate history is that most companies actually perform better as they are divided. ,