Zuckerberg: Snapchat would have grown faster if it accepted $6B buyout offer
SMRTR summary
Mark Zuckerberg testified in Meta's antitrust trial that Snapchat would have grown faster if it had accepted Meta's $6 billion buyout offer in 2013. Zuckerberg claimed Meta could have improved Snapchat's growth. The FTC used this failed acquisition attempt to argue that Meta aims to maintain dominance by buying rivals rather than competing. The government is seeking to force Meta to sell Instagram and WhatsApp, claiming these acquisitions created an illegal monopoly.
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