Meta CEO Mark Zuckerberg Testifies on TikTok

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2 days ago

Summary

In the US Federal Trade Commission's trial against Meta, CEO Mark Zuckerberg testified that TikTok's popularity impacted Meta's growth, slowing it down dramatically. He also stated that ByteDance-owned TikTok has been a top priority for several years.

Key Points

Meta's growth slowed down dramatically when TikTok became popular
TikTok remains a focus of Meta's competitive efforts for several years
Facebook stopped reporting user numbers in its quarterly reports to hide slowing growth
Meta is trying to return to its 'OG roots' by emphasizing friend connections

Why It Matters

The trial highlights the intense competition between social media giants and the potential implications on their businesses.

Author

Sarah Perez

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