Zuckerberg: Snapchat would grow faster if accepting a $ 6b buying offer

During the Meta antitrust test test this week, Meta CEO Mark Zuckerberg said Snapchat would grow faster if his company’s proposal to buy the social network in 2013, Business interior Reports.

The court documents revealed that Meta then called on Facebook, suggested to buy Snapchat for $ 6 billion (reports at that time said that this was said The dollar amount was $ 3 billion). In response to an interrogation by FTC lawyer, Zuckerberg said he believes Snapchat “does not grow from the potential he can” and that his company would improve the application.

“What is worth it, I think if we would buy them, we would speed up their growth, but it’s just speculation,” Zuckerberg testified.

The government brought out the unsuccessful attempt to acquire to support its argument that META aims to maintain its dominance in the landscape of social media by acquiring rivals instead of competing directly with them.

FTC strives to force META to restructure or sell Instagram and WhatsApp, arguing that the company has spent billions on acquisition of applications to give up competitors on Facebook, creating an illegal monopoly.