AI Summary:
Meta CEO Mark Zuckerberg defends his company against allegations that it monopolises the social media market. Meta could be forced to sell popular social media sites Instagram and WhatsApp which it acquired more than a decade ago. Zuckerberg said that he was "not happy" with a perceived lack of progress on developing a photo-sharing app to compete with Instagram. "This lawsuit, in summary, is misguided," Hansen says. "Every 17-year-old in the world knows: Instagram, Facebook and WhatsApp compete with Chinese-owned TikTok, YouTube, X, iMessage and many others," a statement reads. Meta stressed that the FTC must prove that Meta has monopoly power in its claimed relevant market now, not at some time in the past"

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