{"id":51,"date":"2025-04-16T13:43:26","date_gmt":"2025-04-16T13:43:26","guid":{"rendered":"https:\/\/thetradingdictionary.com\/index.php\/2025\/04\/16\/mark-zuckerberg-on-the-stand-crazy-scary-ideas-led-him-to-buy-instagram-and-whatsapp\/"},"modified":"2025-04-16T13:43:26","modified_gmt":"2025-04-16T13:43:26","slug":"mark-zuckerberg-on-the-stand-crazy-scary-ideas-led-him-to-buy-instagram-and-whatsapp","status":"publish","type":"post","link":"https:\/\/thetradingdictionary.com\/index.php\/2025\/04\/16\/mark-zuckerberg-on-the-stand-crazy-scary-ideas-led-him-to-buy-instagram-and-whatsapp\/","title":{"rendered":"Mark Zuckerberg on the stand: \u2018Crazy,\u2019 \u2018scary\u2019 ideas led him to buy Instagram and WhatsApp"},"content":{"rendered":"<p class=\"speakable\">It\u2019s too bad there are no cameras allowed in federal courtrooms, because I really would like to see Mark Zuckerberg testify.<\/p>\n<p class=\"speakable\">He was the leadoff witness in the Federal Trade Commission\u2019s antitrust lawsuit against Meta, and that in itself was news.<\/p>\n<p>The clash is the most sweeping attempt to dismember the world\u2019s biggest social network, and goes to the heart of how competition is defined.<\/p>\n<\/p>\n<p>Not since the government broke up AT&amp;T more than four decades ago has a mega-corporation faced the prospect of being torn apart.<\/p>\n<p>The suit was filed in the first Trump term (the president couldn\u2019t stand Facebook at the time), aggressively pursued by Joe Biden, and now has finally come to trial in a Washington courtroom.<\/p>\n<p>Trump once told me Facebook was such a threat to society that he used it as justification for flip-flopping on his effort to ban TikTok.&nbsp;<\/p>\n<p>But since he won a second term, Zuck, like many tech bros, has been cozying up to the new sheriff in town, including a $1-million donation to the president\u2019s inaugural.<\/p>\n<p>There are reports that when the man who runs Facebook recently met with Trump, he asked about the possibility of dropping the lawsuit. Obviously, it didn\u2019t work.<\/p>\n<p>The focus of the trial is Zuckerberg\u2019s decision to buy Instagram and WhatsApp when they were small start-ups.<\/p>\n<\/p>\n<p>The FTC\u2019s lead lawyer questioned Zuckerberg about a platform meant to foster ties between family and friends to a concentration on showing users interesting third-party content through its news feed.<\/p>\n<p>&#8216;It\u2019s the case that over time, the \u2018interest\u2019 part of that has gotten built out more than the \u2018friend\u2019 part,&#8217; Zuckerberg said. He added that &#8216;the \u2018friend\u2019 part has gone down quite a bit, but it\u2019s still something we care about.&#8217;<\/p>\n<p>Translation: Screw the friends. Very 2010s. We\u2019ve moved on.<\/p>\n<div>\n<div class=\"freeform-content\"><iframe loading=\"lazy\" width=\"100%\" src=\"https:\/\/playlist.megaphone.fm?e=FOXM8467752689&amp;light=true\" scrolling=\"no\" height=\"200\" frameborder=\"0\"> <\/iframe><\/div>\n<\/div>\n<p>Zuckerberg spoke slowly \u2013 at least according to reporters who were there \u2013 and he was back on the hot seat yesterday. FTC lawyers pressed him on a stack of emails he had sent:&nbsp;&nbsp;<\/p>\n<p>&#8216;We really need to get our act together quickly on this since Instagram\u2019s growing so fast.<\/p>\n<p>&#8216;Instagram has become a large and viable competitor to us on mobile photos, which will increasingly be the future of photos.&#8217;<\/p>\n<\/p>\n<p>&#8216;If Instagram continues to kick ass on photos, or if Google buys them, then over the next few years they could easily add pieces of their service that copy what we\u2019re doing now.&#8217; Which was a flop called Facebook Camera.<\/p>\n<p>In yet another message, Zuck called Instagram\u2019s growth &#8216;really scary,&#8217; saying &#8216;we might want to consider paying a lot of money for this.&#8217; Facebook bought Instagram for $1 billion in 2012, and two years later spent $19 billion on WhatsApp.<\/p>\n<p>In an email to Tom Alison, head of Facebook, Z offered alternatives:<\/p>\n<p>&#8216;Option 1. Double down on Friending. One potentially crazy idea is to consider wiping everyone\u2019s graphs and having them start again.&#8217;<\/p>\n<p>Alison responded: &#8216;I\u2019m not sure Option #1 in your proposal (Double-down on Friending) would be viable given my understanding of how vital the friend use case is to IG.&#8217;<\/p>\n<p>Now we come to the fascinating part.<\/p>\n<p>It\u2019s not breaking news that Mark\u2019s judgment can be flawed. Remember when he insisted that virtual reality would be the next big thing?&nbsp;<\/p>\n<p>But he argues that Meta has all kinds of rivals in the &#8216;entertainment&#8217; area, such as X, TikTok and YouTube \u2013 and he easily could have added Snap, Netflix, Amazon Prime Video and HBO\u2019s Max. It\u2019s all about the battle for eyeballs now. There are only so many hours in the day. Mindshare is everything.<\/p>\n<\/p>\n<p>And with group chats all the rage, Meta doesn\u2019t do well on that kind of interaction, with Instagram as a possible exception.<\/p>\n<p>Now of course it\u2019s in Zuckerberg\u2019s self-interest to testify that he competes with anything that has a screen. But it\u2019s not that far off the mark. Keep in mind that Meta has 4 billion active monthly users.<\/p>\n<p>I sure wish we could see the embattled CEO making the case that he\u2019s awash in a vast sea of rivals.&nbsp;<\/p>\n<\/p>\n<div>This post appeared first on FOX NEWS<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s too bad there are no cameras allowed in federal courtrooms, because I really would like to see Mark Zuckerberg testify. He<\/p>\n<div class=\"excerpt-more\"><a href=\"https:\/\/thetradingdictionary.com\/index.php\/2025\/04\/16\/mark-zuckerberg-on-the-stand-crazy-scary-ideas-led-him-to-buy-instagram-and-whatsapp\/\" class=\"more-link\"> [&hellip;] <span class=\"screen-reader-text\">Mark Zuckerberg on the stand: \u2018Crazy,\u2019 \u2018scary\u2019 ideas led him to buy Instagram and WhatsApp<\/span><\/a><\/div>\n","protected":false},"author":1,"featured_media":52,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-51","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"_links":{"self":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/51","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/comments?post=51"}],"version-history":[{"count":0,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/51\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media\/52"}],"wp:attachment":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media?parent=51"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/categories?post=51"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/tags?post=51"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}