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FTC Alleges Meta Monopoly in Social Networking; Zuckerberg Cites TikTok Threat and 2006 Facebook Sale Attempt

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Updated Apr 26, 2025, 07:24 PM

The Federal Trade Commission (FTC) is pursuing an antitrust case against Meta, alleging that the company maintained an illegal monopoly in the personal social networking services industry. Meta, led by CEO Mark Zuckerberg, counters that the social media landscape has fundamentally changed since the early 2010s, with traditional social networking—centered on personal connections and friend updates—being effectively over. Zuckerberg testified that platforms like Facebook and Instagram have evolved into content consumption hubs rather than the personal social networks they once were. The trial also highlighted competitive pressures from TikTok, which Zuckerberg acknowledged as a major threat to Meta's business. Additionally, the case reflects on Zuckerberg’s transformation from a startup founder who nearly sold Facebook to Yahoo in 2006 for $1 billion, to the head of a dominant tech empire by 2012.

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#Federal Trade Commission #FTC #Meta #Mark Zuckerberg #Zuckerberg #Facebook #Instagram #TikTok #Yahoo

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Sources

newyorker.com(2)wired.com tekno.kompas.com computerhoy.20minutos.es

Mario Nawfal

@MarioNawfal

🇺🇸META TRIAL: WHEN SELLING OUT COMES BACK TO HAUNT YOU Back in 2006, Zuckerberg almost sold Facebook for $1 billion to Yahoo — but when Yahoo tried to cut the price, he bailed and decided to build an empire instead. Fast forward: by 2012, Zuckerberg was no longer the scrappy https://t.co/dAPhiOMWQV https://t.co/jwXXeaSEfO

Steven Levy

@StevenLevy

The Meta trial turns out to be a case study of the Faustian bargain founders make when they sell out. And how Zuckerberg went from prey to predator. https://t.co/jGtgE1cZ2r

Kompas.com

@kompascom

Meta CEO Mark Zuckerberg is taking on TikTok. He has publicly acknowledged that TikTok's presence is a major threat to the businesses of Facebook, Instagram, et al. ~MD #Meta #MarkZuckerberg #TikTok https://t.co/YWsXnKfNA4