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Former COO Sheryl Sandberg testified in an antitrust trial against Meta, refuting claims that the company suppressed competition through acquisitions. The government has accused Meta of using a "buy-or-bury" strategy against rivals like Instagram and WhatsApp, while Mark Zuckerberg argued that significant competition still exists from platforms like TikTok and YouTube.
In an ongoing antitrust trial, Meta Platforms is leveraging TikTok as a key argument to counter claims of monopolization by the Federal Trade Commission. The FTC aims to prove that Meta's dominance in social media has not diminished, while Meta contends that TikTok's emergence as a competitor alters the landscape of social media and entertainment.
Meta is contesting claims by the FTC that it has monopolized the social media market by acquiring competitors like Instagram and WhatsApp. During the trial, Meta argues that competition remains strong, citing user behavior during outages of rival platforms like TikTok as evidence.