Mark Zuckerberg said that bytedance Ltd. Tiktok. It brought the threat of a “very fast” competition to the Meta platform Inc. When it first emerged in 2018, he witnessed for the third day in the federal business commission case.
“We noticed that our growth was very slow,” when Tiktok gained fame, the chief executive officer said on Wednesday. “It was very fast, this has been a high priority for the company for several years.”
Zuckerberg spent seven hours in the last two days in an interview with a State Attorney, who forced him to look at the company's struggle – then Facebook Inc. – Continuing the mobile program over the past decade. That led to the purchase of a company of Instagram And WhatsApp over 10 years ago and, in response to Tiktok, a column of Reels video products for Instagram in 2020.
FTC wants to force a meta to sell the program as it tries to draw Zuckerberg as a wise executive who discovered the illegal part of the social media market by buying a company instead of competing with them. Responding to Meta's attorney Mark Hansen, can tell his story without push.
“People will participate in a new way in five years, than what happens today,” Zuckerberg said.
Zuckerberg said Meta competes with a layer of platforms, as well as Google YouTubeand Apple IMessage of Inc. as well as Elon Musk's XTelegraph, Microsoft Corp.'s LinkedIn and others. FTC emphasizes that in a narrow market to share information with friends and family, the meta is competing only with Snap Inc. Snapchat.
'Internet impacts'
The FTC case section includes the technical idea of ”Internet Effects,” meaning that more consumer companies like Meta have, the most likely to save a larger space, because people cannot change the service used by a few people.
American district judge James Boasberg, who oversees the non -jury case in Washington, has remained very quiet during interrogation, but intervened during Zuckerberg's testimony on Wednesday to ask if the Internet impact is still appropriate.
“What's the matter if your friends are on a particular platform if you can send the contents of that platform? Why does it care if your friends are there?” The judge said.
Zuckerberg said it didn't. “These programs are now used as discovery engines,” he said. “People can take the contents of the messaging engines.”
If FTC wins, Instagram and WhatsApp spinoff would withdraw years of inclusion between apps, disrupting two world -famous consumer products and the possibility of deleting hundreds of billions of dollars in the meta market value. It would also raise serious questions about how the Government evaluates and passes contracts.
Great company
Under interview with Hansen, Zuckerberg denied FTC's argument that Meta bought Instagram to bury the competitor. Instagram would not grow to that extent, if it remained free, he said. “Instagram has been built into the best service” as a result of the program, Zuckerberg said.
Taking a small platform to a billion users and more is likely to happen without the help of a large company, he said. “Every company that has this standard is owned by a large company,” he said, citing Tiktok and Google's YouTube as models.
It came out earlier in the case that Snap rejected a $ 6 billion offer from Facebook in 2013, and Zuckerberg said that the service would be to join his company.
In another interview earlier this week by FTC lawyer Daniel Matheson, Zuckerberg wanted to walk back the information he provided in the former communication.
Zuckerberg agreed in the 2013 email blocking ads on Facebook for WeChat, cocoa and line apps, which he wrote was “trying to build social networks to take our place.” In a position this week, however, he said “it is difficult for me to signal what their intention is.”
When asked by Hansen to explain how he was evaluating the threat of competition brought by Instagram by others during contracts, he referred to a quote from the past Intel CEO of Corp. Andy Grove, saying “only paranoid is living.”
Matheson also sought to show that the meta, which at the time is known as Facebook Inc., was aware of his risk of non -prevailing years ago, as well as possible separation.
He showed upEmail from 2018Which Zuckerberg wrote: “If the call to break up the big technology companies is growing, there is an insignificant opportunity that we will be forced around Instagram and maybe WhatsApp in the next 5 to 10 years.”
This story was previously shown Bahati.com
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