Zuckerberg Testifies: 'Crazy,' 'Scary' Ideas Led Him to Buy Instagram and WhatsApp
Mark Zuckerberg testified before a federal judge, admitting that 'crazy' and 'scary' ideas led him to acquire Instagram and WhatsApp as part of his purchase of Facebook in 2012. The move was made despite being aware of the potential antitrust concerns at the time.
Mark Zuckerberg testified before the Federal Trade Commission about his decision to buy Instagram and WhatsApp, admitting that 'crazy' and 'scary' ideas led him to make the purchases, sparking scrutiny over potential antitrust violations. The Facebook CEO's statements are part of an ongoing investigation into the tech giant's acquisition practices. Zuckerberg's testimony suggests he may have faced pressure from investors or regulators to make a deal. The hearing marks a significant moment in the FTC's efforts to regulate tech giants' mergers and acquisitions.
