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Meta CEO Mark Zuckerberg takes witness stand in FTC case

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( ) -q-25- UNDATED (Correspondent Jeremy House) “Meta-controlled platforms.”

Mark Zuckerberg, the CEO of Facebook parent company Meta, is on the witness stand in a California courtroom as part of the U.S. antitrust regulators’ effort to stop the tech giant from buying a virtual reality startup.

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Out-cue: Meta-controlled platforms]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: At issue is whether Meta’s acquisition of the small company that makes a VR fitness app called Supernatural will hurt competition in the emerging virtual reality market. The Federal Trade Commission argues that if the deal is allowed to go through, it would violate antitrust laws and dampen innovation. It points out that would hurt consumers who may face higher prices and fewer options outside of Meta-controlled platforms.

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