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Zuckerberg's Emails and Testimony Dominate Week One of FTC Antitrust Trial Against Meta

The FTC presented internal emails from Zuckerberg as evidence of Meta's alleged 'buy or bury' strategy, while expert testimony on market definition looms as a key factor in the trial's outcome.

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Overview

  • Mark Zuckerberg spent 10 hours on the witness stand addressing FTC allegations that Meta used acquisitions of Instagram and WhatsApp to neutralize competition.
  • The FTC introduced emails where Zuckerberg described buying Instagram to 'neutralize a competitor,' which it labeled a 'smoking gun' in its case against Meta.
  • Meta counters that it faces significant competition from platforms like TikTok and YouTube, challenging the FTC's claim of monopoly power in the social media market.
  • Former COO Sheryl Sandberg also testified, addressing internal discussions about countering competitors like Google and defending Meta's strategic decisions.
  • Expert testimony on market definition and Meta's alleged monopoly power is expected to play a pivotal role in the non-jury trial's outcome.