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In a 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 difficult 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,”…
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…
In 2012, when Facebook 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 biggest technology companies and their chief executives donated millions to President Trump’s inauguration, hosted black-tie parties and dinners in his honor, and allowed him to announce and take credit for new multibillion-dollar manufacturing projects. But less than three months into the president’s second term, Mr. Trump has hardly returned their lavish gestures with favors….
In a wide-ranging question-and-answer session with Meta employees on Thursday, Mark Zuckerberg, the company’s chief executive, defended recent changes he had made to loosening restrictions on online speech and ending diversity initiatives, and doubled down on embracing President Trump’s new administration. “I want to be clear, after the last several years, we now have an…
Meta said on Wednesday that it had agreed to pay President Trump $25 million to settle a 2021 lawsuit he filed over the suspension of his Facebook and Instagram accounts after the Jan. 6 riot at the Capitol. The move was a significant concession by a major tech company and a victory for Mr. Trump,…
Mark Zuckerberg spent all of 2024 telling investors that artificial intelligence would be key to the future of his company, Meta. In 2025, he plans to put his money where his mouth is. On Friday, Mr. Zuckerberg said the company expected its capital expenditures in 2025 to come in at an estimated $60 to $65…
Instagram and Facebook have recently blurred, blocked or removed posts from two abortion pill providers. Instagram also suspended the accounts of several abortion pill providers and hid the providers from appearing in search and recommendations. The actions ramped up in the last two weeks, and were especially noticeable in the last two days, abortion pill…
Mr. Thiel prides himself on his elaborate parties, and his inauguration event, held in his seven-bedroom home, included a hired juggler who rather than juggling, instead posed trivia questions to guests about U.S. presidents. Snack cakes and other appetizers were passed around, and larger bites were served at stations. (The Mar-a-Lago station had shrimp, steak…
Three of the richest men in the world, foreign dignitaries, tech and business executives, former presidents and an assortment of performers and other celebrities are on the guest list for President-elect Donald J. Trump’s inauguration on Monday, even as much of the midday ceremony has been moved indoors amid forecasts of extreme cold. It is…
