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Facebook isn't really for friends anymore, Mark Zuckerberg testifies in antitrust trial

1. Zuckerberg testified in FTC's antitrust case against Meta over acquisitions. 2. The FTC claims Meta's buys of Instagram and WhatsApp violated competition laws. 3. Zuckerberg stated Facebook has evolved beyond simply connecting friends. 4. The trial could force Meta to divest Instagram and WhatsApp. 5. Judge Boasberg will decide on Meta's alleged competition law violations.

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FAQ

Why Bearish?

Potential breakup of Meta could significantly harm its market position, reminiscent of the 2000s Microsoft breakup case.

How important is it?

The success of the FTC could lead to forced divestitures, affecting Meta's market position.

Why Long Term?

The outcomes of this antitrust trial may permanently alter Meta's business structure and market strategy.

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