Tech
At US antitrust trial, Meta’s Mark Zuckerberg admits he bought Instagram because it was ‘better’
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Meta CEO Mark Zuckerberg made a key concession at a US antitrust trial on Tuesday, saying he bought Instagram because it had a “better” camera than the one his company was trying to build for flagship app Facebook at the time.
The acknowledgement appeared to bolster allegations by US antitrust enforcers that Meta had used a “buy or bury” strategy to snap up potential rivals, keep smaller competitors at bay and maintain an illegal monopoly.
It came during Zuckerberg’s second day testifying at the high-stakes trial in Washington, in which the US…
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