WASHINGTON, April 15 — Meta chief and co-founder Mark Zuckerberg took the stand yesterday in a landmark US antitrust trial in which his social media juggernaut stands accused of...
Uninvited guest: Viral video of rat allegedly eating from food trays at Bandar Mahkota Cheras restaurant sparks outrage among online users
Zuckerberg was shown an internal Facebook email from 2011 that warned Instagram was a hit on smartphones and could easily copy what his social network offered. “They decided that competition is too hard and it would be easier to buy out their rivals than to compete with them,” FTC attorney Daniel Matheson said in opening remarks at the trial.
As part of his lobbying efforts, Zuckerberg contributed to Trump’s inauguration fund and overhauled content moderation policies. He also purchased a US$23 million mansion in Washington in what was seen as a bid to spend more time close to the center of political power. An email from Zuckerberg cited by the FTC showed him depicting Instagram’s emergence as “really scary,” adding that is “why we might want to consider paying a lot of money for this.”
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