Mark Zuckerberg, the CEO of Facebook parent company Meta, is on the witness stand in a California courtroom as part of the U.S. antitrust regulators' effort to stop the tech giant from buying a virtual reality startup
FILE - Mark Zuckerberg speaks at Georgetown University, on Oct. 17, 2019, in Washington. Zuckerberg, the CEO of Facebook parent company Meta Platforms Inc., took the witness stand Tuesday, Dec. 20, 2022, in the FTC’s case trying to stop the tech giant from buying a virtual reality startup. SAN JOSE, California — — Mark Zuckerberg, the CEO of Facebook's parent company Meta, took the witness stand Tuesday in a trial over U.S.
During his testimony at the trial in San Jose, California, Zuckerberg seemed to play down the notion that fitness is a distinct, top category in VR. He said, while fitness is one “use case” for virtual reality, other uses — namely games, communication and socializing and work — have been the primary ones that Meta has been focusing on.
The FTC, however, argues that not only is Meta a potential entrant into this market, but that it had the resources and ability to create its own VR fitness app instead of acquiring the top independent player in the market. And “the reason why Facebook has been able to succeed for 20 years is because it continues to innovate even though it never got acquired?" she continued, and Zuckerberg responded, “Yes.”
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