At US antitrust trial, Meta's Zuckerberg admits he bought Instagram because it was 'better'
1. Zuckerberg admits Instagram buy was for its superior camera technology. 2. This concession could influence ongoing antitrust perceptions of Meta.
FAQ
Why Bearish?
The admission might reinforce antitrust scrutiny, similar to past challenges faced by tech giants.
How important is it?
The antitrust implications of this admission could potentially lead to regulatory actions affecting Meta's operations.
Why Short Term?
Immediate scrutiny from regulators could lead to stock volatility, as seen with recent tech antitrust cases.