Bloomberg Businessweek Meta's Day in Court, Restoring US Credibility
7 snips
Apr 14, 2025 
Christine Harper, a Bloomberg News Editorial Board Member and co-author of a book with Paul Volcker, discusses lessons for restoring U.S. credibility in a shaky economy. Mark Gurman, Managing Editor for Global Consumer Tech, reveals insights on Apple's supply chain struggles with China. They dive into Zuckerberg's testimony in the antitrust trial against Meta, examining its potential impact on the tech landscape. The conversation also touches on the historical economic challenges and the importance of adept leadership in public service amidst today's inflationary pressures.
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Meta's Antitrust Trial
- Meta's acquisition of Instagram and WhatsApp is under scrutiny for potential anti-competitive practices.
- The FTC argues that these acquisitions solidified Meta's monopoly in social networking, limiting consumer choice and potentially harming innovation.
Anti-Competitive Acquisitions
- Buying a competitor isn't inherently anti-competitive.
- It becomes problematic when a dominant company uses acquisitions to maintain a monopoly, potentially harming consumers.
Trade War Risks
- David Solomon, CEO of Goldman Sachs, highlighted the economic risks posed by trade war uncertainties.
- He mentioned the uncertainty around the path forward and fears over potentially escalating effects of a trade war.
