Zuckerberg Claims Snapchat's Growth Would Have Soared with $6B Buyout

Zuckerberg Claims Snapchat's Growth Would Have Soared with $6B Buyout
During a recent antitrust trial, Meta CEO Mark Zuckerberg asserted that Snapchat would have experienced accelerated growth had it accepted Meta's $6 billion buyout offer in 2013. He speculated that Meta could have enhanced Snapchat's app performance. This claim emerged as the government presented evidence of Meta's acquisition strategies, arguing they reflect a desire to maintain market dominance rather than healthy competition. The FTC is pushing for Meta to divest Instagram and WhatsApp, alleging that their acquisition created an illegal monopoly in social media.