Zuckerberg: Snapchat would have grown faster if it accepted $6B buyout offer

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TechCrunch 1w ago

Zuckerberg: Snapchat would have grown faster if it accepted $6B buyout offer - TechCrunch

Quick Summary:

During Meta’s antitrust trial this week, Meta CEO Mark Zuckerberg said that Snapchat would have grown faster if it accepted his company’s offer to buy the social network back in 2013, Business Insider reports.

The FTC is looking to force Meta to restructure or sell Instagram and WhatsApp, arguing that the company spent billions to acquire the apps to fend off Facebook competitors, creating an illegal monopoly.

Court documents revealed that Meta, then called Facebook, offered to buy Snapchat for $6 billion (reports at the time said that the dollar amount was $3 billion).