Mark Zuckerberg Admits Instagram Had Superior Camera Tech at Time of Acquisition Amid Antitrust Scrutiny
Meta CEO Mark Zuckerberg testified in U.S. District Court this week, acknowledging that Facebook acquired Instagram in 2012 because its in-app camera technology outperformed Facebook’s own. The revelation came during a high-stakes antitrust trial in Washington, D.C., where the Federal Trade Commission (FTC) is challenging Meta’s past acquisitions. Under intense questioning from FTC lawyers, Zuckerberg […]
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