Tech
Mark Zuckerberg offered $1 billion to settle FTC antitrust case: Report
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As Meta Platforms battles the US Federal Trade Commission (FTC) in a closely watched antitrust trial, a Wall Street Journal (WSJ) report has revealed that chief executive officer Mark Zuckerberg had offered up to $1 billion to settle the case earlier this year.
The report added that in March, Zuckerberg reportedly approached FTC chairman Andrew Ferguson with an initial offer of $450 million. As the trial date neared, that offer was increased to $1 billion.
However, the FTC rejected both proposals, with Ferguson said to be holding out for a minimum of…
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