Meta Boss Mark Zuckerberg thought to repeat the Instagram again to pursue the possible division of his group in 2018. The US billionaire accepted this on the second day of the court proceedings around the acquisition of photo platform and Messenger WhatsApp, Report, among other things, BloombergFacebook’s outsourcing should also help stand on your feet. They only explained on MondayHe was considering removing all the friendship on Facebook after four years so that all users had to re -establish their contacts. This should also increase the relevance of service. Both were rejected.
Money as a solution for all difficulties
On Tuesday, Zuckerberg also made public the witness stand that Facebook offered contestant Snapchat a six billion US dollars for an acquisition, in the DPA quotes. The rejected proposal for the then two year old application was known, but was only publicly mentioned for $ 3 billion. The US Trade Supervision FTC has initiated the current legal proceedings against the Facebook Mother Group with the argument that Meta closed the contestants through WhatsApp and Instagram’s in-house acquisition. Billion dollars offer for Snapchat corresponds to this line of argument.
It was also announced on Tuesday that Zuckerberg offered FTC $ 450 million at the end of March to stop the process, The Wall Street Journal reportBut this was only a fraction of $ 30 billion that the authority paid much less than the meta for WhatsApp and Instagram. Zuckerberg said he was supported by US President Donald Trump, for which he donated a million US dollars for the inauguration. The FTC boss rejected it, and the increase in the proposal of a billion US dollar did not change anything. He requested at least $ 18 billion for Meta and other requirements.
The mammoth process has just begun
In court, FTC is now trying to achieve partition from Facebook, Instagram and WhatsApp. With billion -dollar takeover, he suppressed the competition and cleaned and -and -and the preparations. Zuckerberg and their competitors show this and claim that the market for social networks and thus competition is also much larger than the claims of FTC. The conversation before a court in Washington DC should go to the least by July, but it can be assumed that the inferior page will later go into the appeal. Initially, Mark Zuckerberg was supposed to testify in two consecutive days.
The trial was presented in December 2020 in Donald Trump’s first term. Judge James Boseberg, who is now responsible, rejected this first edition with derogatory words for FTC lawyers, but the authority which was held on the plan under the biden and returned with a lot of numbers. FTC mentioned Facebook’s huge market shares. If the authority can actually explain to the court that the takeover is required, then there will be large -scale results for the meta. Meta receives about half of its advertising revenue on Instagram, with respect to active users every day, the biggest application of the WhatsApp group.
(MHO)
