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US lawmakers skewer Zuckerberg with Facebook emails, allege monopoly

Democrat Representative notes that a 2014 email showed Facebook's CFO referring to the company's acquisition strategy as 'land grab'

US lawmakers skewer Zuckerberg with Facebook's emails, allege monopoly
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Using the exchanges, lawmakers got Zuckerberg to acknowledge that he saw photo-sharing app Instagram and messaging app WhatsApp as competitors when Facebook acquired them.

Katie Paul and David Shepardson | Reuters San Francisco, Washington DC
Facebook Inc Chief Executive Mark Zuckerberg stumbled at a congressional hearing on alleged abuse of market power on Wednesday, as lawmakers confronted the social media titan with damaging internal emails about the company's acquisitions.
The House Judiciary Committee's antitrust panel appeared to draw on a rich trove of Facebook company emails, releasing numerous screenshots of correspondence from Zuckerberg and other Facebook executives.
Using the exchanges, lawmakers got Zuckerberg to acknowledge that he saw photo-sharing app Instagram and messaging app WhatsApp as competitors when Facebook acquired them.
 
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