During today’s testimony in front of the congressional antitrust panel, Mark Zuckerberg was a little out of the script – at least the script we expected ̵1; and pointed out how Facebook Inc. lags behind many competitors, including Alphabet Inc., Amazon.com Inc. and Apple Inc.
Zuckerberg does not hesitate to use sharp elbows. He points out that Amazon is the fastest growing advertising platform and Google is the largest.
“We are behind our competitors in many areas,” Zuckerberg said. “The most popular news in the US is iMessage. The fastest growing application is TikTok. The most popular video app is YouTube. The fastest growing advertising platform is Amazon. The largest advertising platform is Google. And for every dollar spent on advertising in the United States, we spend less than ten cents. ‘ “
That’s why executives are likely to prefer to appear all at once – allowing them to spread the burden. For example, antitrust proceedings against Google and Facebook are much stronger than antitrust proceedings against Apple.
(Apart from the title, this post has not been edited by NDTV employees and is published from a syndicated source.)