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Mark Zuckerberg, CEO of Meta, took the stand in an ongoing antitrust trial initiated by the Federal Trade Commission, which accuses Meta of monopolizing the social media market by acquiring rivals like Instagram and WhatsApp. The case questions whether Meta's dominance harms competition and seeks remedies that could force divestitures of these platforms. Zuckerberg defended the company's market position and highlighted the presence of competitors like TikTok and YouTube, arguing that the FTC's claims mischaracterize the tech landscape.
Source: YAHOO