Mark Zuckerberg said the fastest competition threat in 2018
« We have noticed that our growth significantly slow, » while TikTok has been popular, the Meta administrative authorities. « It is very urgent, this is the number one priority for the company for many years. »
Zuckerberg has spent seven hours during the past two days, who pressed him to review the company. That makes the purchase of the company Weaker And whatsapp more than 10 years ago and, in response to TikTok, roll out of its video products for Instagram by 2020.
FTC wants to force meta to sell the app that it tried to draw a social media market by buying companies instead of competing with them. Responding to the lawyer of Meta Meta Hansen, he can tell his story without retreatless.
Zuckerberg says « People will be exchanged with new ways in 5 years, than what is happening today.
Zuckerberg says meta to compete with Google’s system platform YouTubeAnd Apples iMessage of Inc Like Elon Musk The DatePhone, Microsoft Corp. ‘s LinkedIn And so on. FTC maintained that in a narrow market of data and family, meta, meta only Faster.
‘Network effect’
Part of FTC’s case related to the academic concept of « network effects, »
The city of the United States has been considered non-jury case in Washington, but conflict during Zuckerberg’s testimony.
« How important is it if your friend is on a platform if you can send content from the platform? » The judge said.
Zuckerberg says it doesn’t. « These apps are now serving primarily while the search engine, » he said. « People can take that content to the text. »
If FTC gets the ability, the Spinoff of Instagram and Whatsapp will solve the most popular consumer products in the world and minus the Meta’s Meta’s market value. It will also make a serious question on the way of evaluating and approving deals.
Bigger Company
Under Query by Hansen, Zuckerberg has denied the FTC argument at Meta Buy Instagram to embraze the opponent. Instagram will not be able to grow in the extent that it has, it remains independent. « Instagram has been built a greater living service » as the result of the deal, Zuckerberg said.
Using a small online platform to thousands of users and other than inability to occur without supporting bigger companies. He said, « All the companies with this category is a bigger company, » said, «
It came out ago in the Snap trial sent a $ 6 billion in Facebook in 2013, and Zuckerberg will attend his company.
Occasionally inquiry this week by FTC Lawyer Daniel Misso, Zuckerberg looking for communication in the past.
Zuckerberg recognized in the 2013 email advertising on the apps for the apps to send wechat messages, which he tried to build us. « Anyway this week, he said » It’s hard for me to express their intent. «
When asked by Hansen explaining the way he is assessed by the competition threats took place by the time of the proposal, he referred to the words from the past Extone Corp. CEO Andy Grove, saying « only the survival anxiety. »
Matson also sought that the Meta show, then known while Facebook Inc, with his resistance risk, including possible breaks.
He displaysEmail from 2018In which Zuckerberg wrote: « Calling to destroy big technology companies that we will be forced to show without rotation and sometimes in 5-10 years. »
This story is originally presented Furniture
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