Please ensure Javascript is enabled for purposes of website accessibility
At US Antitrust Trial, Meta's Zuckerberg Admits He Bought Instagram Because It Was 'Better'
Reuters logo
By Reuters
Published 8 hours ago on
April 15, 2025

Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump's second Presidential term in Washington, U.S., January 20, 2025. (REUTERS File)

Share

Getting your Trinity Audio player ready...

WASHINGTON (Reuters) – Meta CEO Mark Zuckerberg made a key confession at a U.S. antitrust trial on Tuesday, saying he bought Instagram because it had a “better” camera than the one his company was trying to build for flagship app Facebook at the time.

The acknowledgement appeared to bolster allegations by U.S. antitrust enforcers that Meta had used a “buy or bury” strategy to snap up potential rivals, keep smaller competitors at bay and maintain an illegal monopoly.

It came during Zuckerberg’s second day testifying at the high-stakes trial in Washington, in which the U.S. Federal Trade Commission is seeking to unwind Meta’s acquisitions of prized assets Instagram and WhatsApp.

The case, filed during President Donald Trump’s first term, is widely seen as a test of the new Trump administration’s promises to take on Big Tech companies.

Zuckerberg Believed Instagram Had a Better Camera Product

Asked by an attorney for the FTC whether he thought fast-growing Instagram could be destructive to Meta, then known as Facebook, Zuckerberg said he believed Instagram had a better camera product than Facebook was building.

“We were doing a build vs. buy analysis” while in the process of building a camera app, Zuckerberg said. “I thought that Instagram was better at that, so I thought it was better to buy them.”

Zuckerberg also acknowledged that many of the company’s attempts at building its own apps had failed.

“BUILDING A NEW APP IS HARD”

“Building a new app is hard and many more times than not when we have tried to build a new app it hasn’t gotten a lot of traction,” Zuckerberg told the court.

“We probably tried building dozens of apps over the history of the company and the majority of them don’t go anywhere,” he said.

Zuckerberg’s testimony comes as Meta is defending itself years after the release of damning statements plucked from Facebook’s own documents, like a 2008 email in which he said “it is better to buy than compete.”

The company argues that his past intentions are irrelevant because the FTC has defined the social media market inaccurately and failed to account for stiff competition Meta has faced from ByteDance’s TikTok, Alphabet’s YouTube and Apple’s messaging app.

The FTC accuses Meta of holding a monopoly on platforms used to share content with friends and family, where its main competitors in the United States are Snap’s Snapchat and MeWe, a tiny privacy-focused social media app launched in 2016.

Platforms where users broadcast content to strangers based on shared interests, such as X, TikTok, YouTube and Reddit, are not interchangeable, the FTC argues.

(Reporting by Jody Godoy in Washington and Katie Paul in New York; Editing by Alexandra Alper and Mark Porter)

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

California Attorney General Declines to Join Musk’s Lawsuit Against OpenAI

DON'T MISS

Trump Holds Situation Room Meeting on Iran, Officials Say

DON'T MISS

KVPR Morning Show Host Is Named Station’s New Director of Radio

DON'T MISS

Trump Signs Healthcare Executive Order That Includes a Win for Pharma Companies

DON'T MISS

Fresno Man Charged With Attempted Murder of City Worker

DON'T MISS

US Tariffs May Cost Chip Equipment Makers More Than $1 Billion, Industry Estimates

DON'T MISS

NAACP Sues US Education Department Over DEI School Funding Cuts

DON'T MISS

Oil Company Fined Record $18 Million for Defying CA Orders to Stop Work on Pipeline

DON'T MISS

Why Is It So Expensive to Build Affordable Homes in CA? It Takes Too Long

DON'T MISS

Tulare County Couple Arrested After Baby Tests Positive for Cocaine

UP NEXT

Trump Holds Situation Room Meeting on Iran, Officials Say

UP NEXT

KVPR Morning Show Host Is Named Station’s New Director of Radio

UP NEXT

Trump Signs Healthcare Executive Order That Includes a Win for Pharma Companies

UP NEXT

Fresno Man Charged With Attempted Murder of City Worker

UP NEXT

US Tariffs May Cost Chip Equipment Makers More Than $1 Billion, Industry Estimates

UP NEXT

NAACP Sues US Education Department Over DEI School Funding Cuts

UP NEXT

Oil Company Fined Record $18 Million for Defying CA Orders to Stop Work on Pipeline

UP NEXT

Why Is It So Expensive to Build Affordable Homes in CA? It Takes Too Long

UP NEXT

Tulare County Couple Arrested After Baby Tests Positive for Cocaine

UP NEXT

How Picnickers and Anglers Can Skip the Gate to Lakes McClure and McSwain

Trump Signs Healthcare Executive Order That Includes a Win for Pharma Companies

2 hours ago

Fresno Man Charged With Attempted Murder of City Worker

2 hours ago

US Tariffs May Cost Chip Equipment Makers More Than $1 Billion, Industry Estimates

2 hours ago

NAACP Sues US Education Department Over DEI School Funding Cuts

3 hours ago

Oil Company Fined Record $18 Million for Defying CA Orders to Stop Work on Pipeline

3 hours ago

Why Is It So Expensive to Build Affordable Homes in CA? It Takes Too Long

3 hours ago

Tulare County Couple Arrested After Baby Tests Positive for Cocaine

3 hours ago

Fresno Political Consultant Now Listed in Documents Tied to Mailer Attacking Vang

4 hours ago

How Picnickers and Anglers Can Skip the Gate to Lakes McClure and McSwain

4 hours ago

Exclusive: Top Hegseth Advisor Dan Caldwell Put on Leave in Pentagon Leak Probe

5 hours ago

California Attorney General Declines to Join Musk’s Lawsuit Against OpenAI

SAN FRANCISCO (Reuters) – The California attorney general’s office declined to join a lawsuit by Elon Musk against OpenAI, the a...

4 minutes ago

Tesla CEO Elon Musk attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. (REUTERS File)
4 minutes ago

California Attorney General Declines to Join Musk’s Lawsuit Against OpenAI

President Donald Trump speaks, as he signs executive orders and proclamations in the Oval Office at the White House in Washington, D.C., U.S., April 9, 2025. (REUTERS File)
40 minutes ago

Trump Holds Situation Room Meeting on Iran, Officials Say

58 minutes ago

KVPR Morning Show Host Is Named Station’s New Director of Radio

President Donald Trump arrives for a presentation of the Commander-in-Chief trophy to the U.S. Navy Midshipmen football team of the United States Naval Academy, at the White House in Washington, D.C., U.S., April 15, 2025. (REUTERS/Evelyn Hockstein)
2 hours ago

Trump Signs Healthcare Executive Order That Includes a Win for Pharma Companies

Dyllan James Hopkins, 30, of Fresno, has been charged with attempted murder after allegedly attacking a city public works employee with a blunt object, leaving the victim in critical condition. (Fresno PD)
2 hours ago

Fresno Man Charged With Attempted Murder of City Worker

A view of a machine in a production line of Dutch semiconductor company Nexperia, in Hamburg, Germany, June 27, 2024. (REUTERS File)
2 hours ago

US Tariffs May Cost Chip Equipment Makers More Than $1 Billion, Industry Estimates

A demonstrator speaks through a megaphone during a Defend Our Schools rally to protest U.S. President Donald Trump's executive order to shut down the U.S. Department of Education, outside its building in Washington, D.C., U.S., March 21, 2025. (REUTERS File)
3 hours ago

NAACP Sues US Education Department Over DEI School Funding Cuts

3 hours ago

Oil Company Fined Record $18 Million for Defying CA Orders to Stop Work on Pipeline

Help continue the work that gets you the news that matters most.

Search

Send this to a friend