Landmark antitrust trial could force Zuckerberg to sell Instagram
- Meta CEO Mark Zuckerberg is testifying in an antitrust trial where the U.S. Federal Trade Commission accuses Meta of stifling competition by acquiring Instagram and WhatsApp.
- The FTC claims Meta used a 'buy or bury' strategy to eliminate competition, potentially forcing Meta to sell Instagram and WhatsApp if they win the case.
- Zuckerberg defended the acquisitions, asserting they were meant to improve user experience while admitting a past email indicated a competitive concern.
- The trial, which could last eight weeks, will set new standards for tech mergers and might represent the largest disbanding of a U.S. Company since AT&T's breakup in the 1980s.
288 Articles
288 Articles
The destruction of Zuckerberg's Empire in court: will Donald Trump save the billionaire?: EADaily
EADaily, April 18th, 2025. Mark Zuckerberg testifies in a case that could lead to the collapse of his company. But what is the essence of the complaint of the Federal Trade Commission against Meta*? Will the billionaire be forced to sell WhatsApp and Instagram*? Or maybe Donald Trump will save him?
Spanish Javier Oliván won $25.5 million in 2024 as operational director of Meta
The remuneration of Javier Oliván, director of operations of Meta, last year amounted to 25.51 million dollars (about 22.4 million euros at the current exchange rate), according to the call of the shareholders’ meeting made public this Thursday by the company. Oliván is the best paid manager of the company that owns Facebook, Instagram and WhatsApp, although the security and private plane expense of Mark Zuckerberg, which only collects a dollar …
Mark Zuckerberg Denies Meta Bought Rivals To Conquer Them
Meta chief executive Mark Zuckerberg on Wednesday denied in court that his company bought rival services Instagram and WhatsApp to neutralize them, as his testimony in a landmark antitrust case came to a close.
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