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In a high-profile antitrust trial, Meta CEO Mark Zuckerberg is taking the stand to defend the company against allegations from the Federal Trade Commission (FTC) that it monopolized the personal social networking market by acquiring Instagram and WhatsApp. Zuckerberg's testimony addresses the competitive landscape, as Meta argues that the FTC's definition of the market is flawed for excluding other major platforms like TikTok and LinkedIn. The case, which stems from claims initiated during the Trump administration, poses a significant challenge for the FTC, and Zuckerberg's lobbying for potential presidential intervention adds another layer of complexity to the proceedings.
Source: YAHOO