Mark Zuckerberg takes the stand on first day of Meta antitrust trial | CNN Business

Washington, DC CNN  — 

Meta CEO Mark Zuckerberg took the witness stand Monday as his social media company faces accusations by the Federal Trade Commission of creating a monopoly.

Zuckerberg’s testimony came immediately after Meta — the parent company of Facebook, Instagram and WhatsApp — and the FTC presented their opening arguments in the US District Court of the District of Columbia.

The US government accused Meta of illegally building a “social networking monopoly” by acquiring would-be competitor platforms WhatsApp and Instagram. FTC lawyer Daniel Matheson argued repeatedly during opening statements that “consumers do not

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Former FTC chair explains how to prove if a company is a monopoly | CNN Business

Former FTC chair explains how to prove if a company is a monopoly ...

‘I’m excited’: Steel workers tells CNN tariffs will help them | CNN Business

‘I’m excited’: Steel workers tells CNN tariffs will help them ...

US begins probes into pharmaceutical and chip imports, setting stage for tariffs | CNN Business

Reuters  —  The Trump administration is kicking off investigations into imports of pharmaceuticals and semiconductors as part of...