Meta boss Mark Zuckerberg has taken the witness stand in a landmark antitrust trial to defend his company against allegations that his company operates a social media monopoly. His testimony is part of a case first brought by the Federal Trade Commission (FTC) in 2020 during the final days of the first Trump administration. The US competition watchdog alleges Meta unfairly dominated the market through its acquisitions of photo-sharing app Instagram in 2012 and the messaging service WhatsApp in 2014. The FTC is seeking to break up Meta by forcing a spinoff of Instagram or WhatsApp. Meta says there’s plenty…
Author: BBC
President Donald Trump has threatened China with an extra 50% tariff on goods imported into the US if it does not withdraw its 34% counter-tariff, as global markets continue to fall. Beijing retaliated on Sunday, following last week’s decision by Trump to slap a 34% tax on Chinese imports as part of his “Liberation Day” that set a minimum 10% levy on nearly all of America’s trading partners. In a social media post on Monday, Trump gave China until Tuesday to scrap its countermeasure or face the 50% tax. In response, the Chinese embassy in the US accused Washington of…