FTC grills Zuckerberg over emails from Instagram, WhatsApp acquisitions
The Federal Trade Commission (FTC) grilled Meta CEO Mark Zuckerberg on Tuesday over dozens of emails and messages he exchanged with other executives in the lead up to the social media giant’s acquisitions of Instagram and WhatsApp.
Zuckerberg took the stand for a second day at trial, where the FTC is attempting to show that Meta bought Instagram and WhatsApp to eliminate competitors that could have threatened its alleged monopoly in the social networking space.
Daniel Matheson, the FTC’s lead attorney, presented the Meta CEO with email after email, pressing him to account for the company’s motivations behind its 2012 purchase of Instagram and 2014 purchase of WhatsApp.
In one 2012 exchange, David Ebersman, Meta’s former chief financial officer, asked Zuckerberg what he hoped to accomplish with the Instagram acquisition, offering up several........
© The Hill
