Zuckerberg to testify in Meta's antitrust trial
Meta, the parent company of Facebook, is preparing for an antitrust trial where CEO Mark Zuckerberg is expected to testify for up to seven hours. The trial, set to begin in April, focuses on the FTC's efforts to reverse Meta's acquisitions of Instagram and WhatsApp. The FTC argues that Meta has maintained an unlawful monopoly in social media by overpaying for these platforms to eliminate competition. The agency aims to force Meta to separate Instagram and WhatsApp into independent companies. This lawsuit, initiated during Donald Trump's presidency in 2020, has seen some allegations dismissed, but key claims regarding Instagram and WhatsApp will proceed. A judge has noted that the FTC faces challenges in proving its case.