Zuckerberg: Snapchat had grown faster if it accepted a width of $ 6 billion

During Meta’s anti -monopoly experience this week, Meta Mark Zuckerberg said that Snapchat would have grown faster if he accepted his company’s offer to buy the social network in 2013, according to Business Insider reports.

Court documents revealed that Meta, then called Facebook, offered the purchase of Snapchat for $ 6 billion (reports at that time stated that the dollar was $ 3 billion). In response to an interrogation from the lawyer of the Federal Trade Committee, Zuckerberg said he believed Snapchat “was not growing in the possibility of his ability to do so” and that his company would have improved the application.

“With regard to what he deserves, I think if we had bought it, we would have accelerated their growth, but this is just speculation,” Zuckerberg witnessed.

The government proposed a failed acquisition attempt to support its argument that Meta aims to maintain its dominance in the social media scene by obtaining competitors, instead of competing with them directly.

FTC is looking to force Meta to restructure or sell Instagram and WhatsApp, on the pretext that the company spent billions of dollars to obtain applications to block Facebook competitors, and create illegal monopoly.