WSJ: Zuckerberg Offered $1B to Settle Antitrust Case

In the days ahead of an antitrust trial he was trying to avoid, Meta CEO Mark Zuckerberg offered $1 billion to the Federal Trade Commission — up from $450 million — to settle the case that centered on Meta’s acquisitions of Instagram and WhatsApp, The Wall Street Journal reported Tuesday.

The FTC, however, was seeking $30 billion and wouldn’t take anything less than $18 billion and a consent decree, the Journal reported.

In the negotiations to end the case, Zuckerberg told FTC Chair Andrew Ferguson that he was confident that President Donald Trump would support him with the FTC, the Journal reported. Further, Zuckerberg had been pressing Trump to intervene in the monopoly lawsuit, according to the report.

WSJ: Zuckerberg Offered $1B to Settle Antitrust Case

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