At US antitrust trial, Meta’s Zuckerberg admits he bought Instagram because it was better

During a U.S. antitrust trial, Meta CEO Mark Zuckerberg admitted that the company acquired Instagram because its camera features were superior to Facebook’s technology at the time. This statement supports the Federal Trade Commission’s (FTC) case against Meta, accusing the company of using acquisitions to eliminate competition and maintain a monopoly. The FTC is attempting to reverse Meta’s purchases of Instagram and WhatsApp, claiming these acquisitions were anti-competitive and hindered innovation in the social media market.