Meta CEO Mark Zuckerberg wraps up testimony in FTC antitrust trial case

Meta CEO Mark Zuckerberg emphasised in federal court on Wednesday that he bought Instagram and WhatsApp because he saw value in the companies not to take out competitors, as the Federal Trade Commission alleges in a historic antitrust trial.

Zuckerberg took the stand for the third day in the trial, wrapping up his testimony as the first witness Wednesday afternoon. He took questions from Meta attorney Mark Hansen, who has argued that his client hardly has a monopoly in social media, as the FTC claims, and still faces stiff global competition.