Tech antitrust: Zuckerberg to say Facebook's size is good for competition - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Mark Zuckerberg will argue before Congress that Facebook's acquisitions of companies like Instagram and WhatsApp are good for competition, according to aZuckerberg is set to testify on Wednesday before the House Antitrust Subcommittee, which is investigating whether the company engaged in anticompetitive behavior.

"Our acquisitions have helped drive innovation for people who use our own products and services and for the broader startup community. Acquisitions bring together different companies' complementary strengths," Zuckerberg will say, according to the prepared remarks. "When you acquire a company, you can benefit from their technology and talent, and when you are acquired you get access to resources and people you otherwise might never have been able to tap into.

Before that, Facebook's acquisition of Instagram and WhatsApp in 2012 and 2014, respectively, cemented it as a global tech giant. In 2013, Facebook purchased Onavo Mobile, an app that uses AI to identify other companies that could make for good purchases. "China is building its own version of the internet focused on very different ideas, and they are exporting their vision to other countries. As Congress and other stakeholders consider how antitrust laws support competition in the U.S., I believe it's important to maintain the core values of openness and fairness that have made America's digital economy a force for empowerment and opportunity here and around the world," Zuckerberg said in the remarks.

Con-artist!

All with a straight robot face

🤣🤣🤣🤣😂😂😂😂

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What Amazon's Jeff Bezos should expect from the tech antitrust hearing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Nothing will happen because he is far more powerful than any government. Probably AOC should do the questioning ! Trump doesn’t like him so there must be some good in the man.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Matt Gaetz asks DOJ to investigate Facebook's Mark Zuckerberg - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Well hell has frozen over because I agree w Gaetz here Facebook isn't biased. The algorithms they have aligned to the company's incentives are. Lying to the government is a big deal again? Cause recent GOP posturing and presidential pardons say otherwise.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Sex tech startup Blueheart raises $1 million in seed funding round - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Morgan Stanley double-upgrades Biogen and says the stock can surge another 30% - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »