Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Mark Zuckerberg took the stand in federal court Monday as the first witness in the US Federal Trade Commission’s antitrust trial seeking to break up Meta Platforms Inc.
The company’s founder and chief executive officer will face questions about the company’s acquisitions of Instagram and WhatsApp. The FTC is seeking to force Meta to divest those platforms, alleging the acquisitions gave Meta an illegal monopoly on portions of the social networking industry.

In initial questioning by the FTC’s lead trial lawyer, Daniel Matheson, Zuckerberg described the company’s early history and acknowledged that he rejected advice to sell the company early on because it would not be possible to compete with MySpace.
Zuckerberg went on to describe the creation of the Facebook news feed in 2006 to facilitate “real connections to actual friends.” That use is key to the FTC’s argument that the company is primarily focused on sharing information with friends and family.
Today's show features:
Bloomberg Intelligence Senior Antitrust Litigation Analyst Jen Rie on Meta Faces Potential Breakup With Start of Antitrust Trial
Bloomberg News Editorial Board Member Christine Harper on Volcker’s Lessons for Restoring US Credibility
Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple's Supply Chain
We Drive to the Close with Andrew Slimmon, Senior Portfolio Manager at Morgan Stanley Investment Management

Hosts: Carol Massar and Tim Stenovec Producer: Sebastian Escobar

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Mark Zuckerberg took the stand in federal court Monday as the first witness in the US Federal Trade Commission&rsquo;s antitrust trial seeking to break up Meta Platforms Inc. The company&rsquo;s founder and chief executive officer will face questions about the company&rsquo;s acquisitions of Instagram and WhatsApp. The FTC is seeking to force Meta to divest those platforms, alleging the acquisitions gave Meta an illegal monopoly on portions of the social networking industry. In initial questioning by the FTC&rsquo;s lead trial lawyer, Daniel Matheson, Zuckerberg described the company&rsquo;s early history and acknowledged that he rejected advice to sell the company early on because it would not be possible to compete with MySpace. Zuckerberg went on to describe the creation of the Facebook news feed in 2006 to facilitate &ldquo;real connections to actual friends.&rdquo; That use is key to the FTC&rsquo;s argument that the company is primarily focused on sharing information with friends and family. Today's show features:
<ul>
<li>Bloomberg Intelligence Senior Antitrust Litigation Analyst Jen Rie on Meta Faces Potential Breakup With Start of Antitrust Trial</li>
<li>Bloomberg News Editorial Board Member Christine Harper on Volcker&rsquo;s Lessons for Restoring US Credibility</li>
<li>Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple's Supply Chain</li>
<li>We Drive to the Close with Andrew Slimmon, Senior Portfolio Manager at Morgan Stanley Investment Management</li>
</ul>
Hosts: Carol Massar and Tim Stenovec Producer: Sebastian Escobar

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Meta's Day in Court, Restoring US Credibility

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5acb5a1c-3913-4d85-98d7-b2bf014c1221/transcript

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