Mark Zuckerberg, the general manager of Meta, said he bought Instagram because he had a “better” camera than the company to try to build under the Facebook brand.
Mark Zuckerberg Photo: Profimedia
The US government claims that Mark Zuckerberg’s society has illegally built a “monopoly of social networks” through years of “anticurrent behavior”. The statement made by it seems to strengthen the accusations of American antitrust authorities, according to Reuters.
Zuckerberg testified on Tuesday, April 15, in the Washington process, in which the Federal Commerce (FTC) Commission (FTC) is trying to cancel the META of Instagram and WhatsApp assets. The case, filed in 2020 during the first term of President Donald Trump, is considered a test of the promises of the new Trump administration to face Big Tech companies.
Asked by a FTC lawyer if he thought Instagram, who was developing quickly, could be destructive for Meta, known at that time as Facebook, Zuckerberg said he thought Instagram had a better room than his company, according to the source.
“I was doing a construction analysis vs. purchase“While I was building an app for the camera, Zuckerberg said.”I thought Instagram was better at this so I thought it was better to buy it“He added.
Meta denies accusations regarding the monopoly in the sphere of social networks and argues that other platforms, such as Tiktok, owned by the Chinese company Bytedance, offers adequate market competition.
Zuckerberg also acknowledged that many of the company’s attempts to build their own applications failed.
“Creating a new app is difficult and often when we tried to create it, it was not too successful“He said before the court.
“We probably tried to build dozens of apps throughout the company’s history and most of them have not led nowhere“He said.
The FTC accuses Meta of having a monopoly on the platforms used for sharing content with friends and family, its main competitors in the United States being Snapchat and Mewe, a small social media application focused on privacy launched in 2016.
Zuckerberg has also challenged the FTC statement that Meta can show users more advertisements because she has no competitors.
