Kurt Wagner

1 month ago | news.bloomberglaw.com | Kurt Wagner |Sabrina Willmer

Tech executives from major social media networks like TikTok, X, Reddit, Pinterest and Discord have appeared in federal court over the past week as part of the US Federal Trade Commission’s antitrust trial against Meta Platforms Inc. Meta believes they are competitors. The FTC disagrees. The fight to legally define the social networking market has taken center stage at the trial, which is in its third week in Washington.

1 month ago | news.bloomberglaw.com | Joshua Sisco |Kurt Wagner

Mark Zuckerberg, the first witness in the Federal Trade Commission’s trial to break up his social media empire, gave a rare window into how he makes business decisions: by fighting for survival, even when his company is ahead. Over a marathon three days of testimony, the Meta Platforms Inc.

1 month ago | news.bloomberglaw.com | Joshua Sisco |Kurt Wagner

Mark Zuckerberg in federal court Monday was forced to revisit a time when he doubted Facebook would be able to compete in mobile photo-sharing, and decided to buy Instagram — testifying in a trial where the US government is arguing it should unwind that acquisition. Meta Platforms Inc.’s Zuckerberg kicked off a highly anticipated trial that’s been years in the making, where the US Federal Trade Commission is setting out to prove he bought his way to a social networking monopoly.

1 month ago | news.bloomberglaw.com | Kurt Wagner |Joshua Sisco

Mark Zuckerberg returned to federal court on Tuesday to answer questions about his acquisitions of Instagram and WhatsApp, which are at the center of a federal antitrust lawsuit that seeks to unwind the deals more than a decade after they were completed. The Meta Platforms Inc.

1 month ago | news.bloomberglaw.com | Joshua Sisco |Kurt Wagner |Riley Griffin

Mark Zuckerberg’s well-timed acquisitions of Instagram and WhatsApp, in 2012 and 2014 respectively, helped his social media empire reach billions of people. More than a decade later, the US Federal Trade Commission is targeting those deals in a landmark antitrust lawsuit set to go to trial Monday, alleging that the acquisitions were illegal, should never have been approved and should be broken up.