In September 2006, Mark Zuckerberg, the chief executive of Facebook, described what made his social network special. “Facebook is about real connections to actual friends,” he wrote in a company post. Two decades later, that description is at the center of a landmark antitrust trial against Mr. Zuckerberg’s social networking empire, now called Meta, and…
The Israeli cybersecurity firm NSO Group was ordered on Tuesday to pay $167 million in damages to Meta, capping a six-year legal battle after NSO hacked 1,400 WhatsApp accounts belonging to journalists, human-rights activists and government officials. In December, Judge Phyllis Hamilton of the U.S. District Court for the Northern District of California ruled that…
Meta said on Wednesday that it expected to see strong revenue growth in its advertising business in the coming months, even as President Trump’s tariffs threaten to batter the global economy. The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, also reported rising revenue and profit for the first quarter, buoyed by Instagram and…
Mark Zuckerberg, the chief executive of Meta, took the witness stand in a landmark antitrust trial for a third day, saying on Wednesday that the video app TikTok has emerged as a serious competitor in social networking. In a friendly exchange led by lawyers for Meta, Mr. Zuckerberg said that the fast growth of the…
In his second day on the stand of a landmark antitrust trial, Mark Zuckerberg, the chief executive of Meta, said he bought Instagram and WhatsApp because it was hard to build new apps and dodged questions about whether he was trying to snuff out competitive threats to his company. “Building a new app is hard,”…
In 2012, when Facebook’s chief executive, Mark Zuckerberg, cut a $1 billion check to buy the photo-sharing app Instagram, most people thought he had lost his marbles. “A billion dollars of money?” joked Jon Stewart, then the host of “The Daily Show.” “For a thing that kind of ruins your pictures?” Mr. Stewart called the…
The Federal Trade Commission on Monday accused Meta of creating a monopoly that squelched competition by buying start-ups that stood in its way, kicking off a landmark antitrust trial that could dismantle a social media empire that has transformed how the world connects online. In a packed courtroom in the U.S. District Court of the…
Soon after Mark Zuckerberg co-founded Facebook in his Harvard dorm room in 2004, the social network skyrocketed in popularity. Roughly a decade later, the company experienced another round of explosive growth after buying its smaller rivals Instagram and WhatsApp, cementing its place in social media. On Monday, Judge James Boasberg of the U.S. District Court…
Mark Zuckerberg, the chief executive of Meta, has lobbied President Trump and his aides to resolve a federal antitrust lawsuit against his company that is set to go to trial on April 14, three people with knowledge of the matter said. Mr. Zuckerberg has made several trips to the White House and Mar-a-Lago to discuss…
Meta agreed to pay President Trump $25 million to settle a 2021 lawsuit he filed after the company suspended his Facebook and Instagram accounts following the Jan. 6 riot at the Capitol, three people with knowledge of the matter said. The move was a significant concession by a major tech company and a victory for…