Meta's Mark Zuckerberg admits buying ‘Instagram' because it was ‘better' during grilling at landmark FTC trial
1. Zuckerberg admitted Instagram was superior to Facebook's camera app. 2. FTC argues Meta used 'buy or bury' strategies for acquisitions. 3. Instagram accounts for over half of Meta's US ad revenue. 4. Emails revealed Zuckerberg’s concerns about Instagram as a competitor. 5. Meta's justification for acquisitions will be tested in the court.