Meta CEO Mark Zuckerberg testified in court that Snapchat would have grown faster under his company’s ownership if it had accepted a $6 billion acquisition offer in 2013. The FTC is using this information to argue that Meta aims to preserve its dominance in the social media landscape by acquiring rivals, rather than competing with them directly.
In 2013, Meta offered to buy Snapchat for $6 billion, but the deal was not pursued. Zuckerberg stated that he believed Snapchat had untapped growth potential and that his company could have improved the app. However, he also acknowledged that this is just speculation.
The government is using this information to support its claim that Meta is trying to create an illegal monopoly by acquiring Instagram and WhatsApp in a bid to fend off competitors. The FTC is seeking to force Meta to restructure or sell these apps.
Source: https://techcrunch.com/2025/04/16/zuckerberg-snapchat-would-have-grown-faster-if-it-accepted-6b-buyout-offer