“In many areas, we are behind our competitors,” said Mark Zuckerberg at an antitrust hearing.
During today’s testimony before an antitrust panel in Congress, Mark Zuckerberg went off the script a bit, at least the script we were expecting, noting how Facebook Inc. lags behind various competitors, including Alphabet Inc., Amazon.com Inc and Apple Inc.
Zuckerberg does not hesitate to use some sharp elbows, noting that Amazon is the fastest growing ad platform and Google is the largest.
“In many areas, we are behind our competitors,” said Zuckerberg. “The most popular messaging service in the United States is iMessage. The fastest growing app is TikTok. The most popular video app is YouTube. The fastest growing ad platform is Amazon. The largest ad platform is Google. And for every dollar spent on advertising in the United States, you spend less than a dime with us. “
That’s why executives probably preferred to show up right away: It allows them to spread the load. The antitrust case against Google and Facebook is much stronger than that of Apple, for example.
(Except for the headline, this story has not been edited by NDTV staff and is posted from a syndicated channel.)
.
