During Meta’s incredible trial this week, Meta CEO Mark Zuckerberg said that if his company’s proposal was accepted to return the social network in 20, Snapchat would have increased rapidly. Business insider Report.
According to the court documents, Meta called on Facebook, then proposed to buy Snapchat for Billion billion dollars (at that time the report said the dollar was $ 3 billion). Responding to the interrogation from the FTC Attorney, Zuckerberg said he thought Snapchat was “not increasing in the possibility of it” and its company could improve the app.
Zuckerberg testified, “What is the value of it, I think we would have accelerated their growth, but it was just imagination,” Zuckerberg testified.
The government made an attempt to support its argument that Meta had aimed to maintain its dominance in the social media landscape by achieving their rivals without direct contesting with them.
The FTC is trying to restructure or sell Instagram and WhatsApp, arguing that the company that has spent billions to earn applications to prevent Facebook competitors, has created an illegal exclusive exclusive.