Zuckerberg, Mark E

Subterms

    Latest story

    150 Shares24 Views

    Meta’s Antitrust Trial Begins as FTC Argues Company Built Social Media Monopoly

    by

    The tech giant went to court on Monday in an antitrust trial focused on its acquisitions of Instagram and WhatsApp. The case could reshape its business.The Federal Trade Commission on Monday accused Meta of creating a monopoly that squelched competition by buying start-ups that stood in its way, kicking off a landmark antitrust trial that could dismantle a social media empire that has transformed how the world connects online.In a packed courtroom in the U.S. District Court of the District of Columbia, the F.T.C. opened its first antitrust trial under the Trump administration by arguing that Meta illegally cemented a monopoly in social networking by acquiring Instagram and WhatsApp when they were tiny start-ups. Those actions were part of a “buy-or-bury strategy,” the F.T.C. said.Ultimately, the purchases coalesced Meta’s power, depriving consumers of other social networking options and edging out competition, the government said.“For more than 100 years, American public policy has insisted firms must compete if they want to succeed,” said Daniel Matheson, the F.T.C.’s lead litigator in the case, in his opening remarks. “The reason we are here is that Meta broke the deal.”“They decided that competition was too hard and it would be easier to buy out their rivals than to compete with them,” he added.The trial — Federal Trade Commission v. Meta Platforms — poses the most consequential threat to the business empire of Mark Zuckerberg, the company’s co-founder. If the government succeeds, the F.T.C. would most likely ask Meta to divest Instagram and WhatsApp, potentially shifting the way that Silicon Valley does business and altering a long pattern of big tech companies snapping up younger rivals.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    More stories

    • 125 Shares36 Views

      in Elections

      What If Mark Zuckerberg Had Not Bought Instagram and WhatsApp?

      by

      Meta’s antitrust trial, in which the government contends the company killed competition by buying young rivals, hinges on unknowable alternate versions of Silicon Valley history.In 2012, when Facebook chief executive Mark Zuckerberg cut a $1 billion check to buy the photo-sharing app Instagram, most people thought he had lost his marbles.“A billion dollars of money?” joked Jon Stewart, then the host of The Daily Show. “For a thing that kind of ruins your pictures?”Mr. Stewart called the decision “really lame.” His audience — and much of the rest of the world — agreed that Mr. Zuckerberg had overpaid for an app that highlighted a bunch of photo filters.Two years later, Mr. Zuckerberg opened his wallet again when Facebook agreed to buy WhatsApp for $19 billion. Many Americans had never heard of the messaging app, which was popular internationally but was not well known in the United States.No one knew how these deals would turn out. But hindsight, it seems, is 20/20.On Monday, the government argued in a landmark antitrust trial that both acquisitions — now considered among the greatest in Silicon Valley history — were the actions of a monopolist guarding his turf. Mr. Zuckerberg, in turn, was set to contend that were it not for these deals, his company — which has been renamed Meta — would just be an afterthought in the social media landscape.Mark Zuckerberg, Meta’s chief executive, is set to contend in the company’s antitrust trial that were it not for buying Instagram and WhatsApp, his firm might just be an afterthought in the social media landscape.Jason Andrew for The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 125 Shares99 Views

      in Elections

      A.I. Is Prompting an Evolution, Not an Extinction, for Coders

      by

      A.I. tools from Microsoft and other companies are helping write code, placing software engineers at the forefront of the technology’s potential to disrupt the work force.John Giorgi uses artificial intelligence to make artificial intelligence.The 29-year-old computer scientist creates software for a health care start-up that records and summarizes patient visits for doctors, freeing them from hours spent typing up clinical notes.To do so, Mr. Giorgi has his own timesaving helper: an A.I. coding assistant. He taps a few keys and the software tool suggests the rest of the line of code. It can also recommend changes, fetch data, identify bugs and run basic tests. Even though the A.I. makes some mistakes, it saves him up to an hour many days.“I can’t imagine working without it now,” Mr. Giorgi said.That sentiment is increasingly common among software developers, who are at the forefront of adopting A.I. agents, assistant programs tailored to help employees do their jobs in fields including customer service and manufacturing. The rapid improvement of the technology has been accompanied by dire warnings that A.I. could soon automate away millions of jobs — and software developers have been singled out as prime targets.But the outlook for software developers is more likely evolution than extinction, according to experienced software engineers, industry analysts and academics. For decades, better tools have automated some coding tasks, but the demand for software and the people who make it has only increased.A.I., they say, will accelerate that trend and level up the art and craft of software design.“The skills software developers need will change significantly, but A.I. will not eliminate the need for them,” said Arnal Dayaratna, an analyst at IDC, a technology research firm. “Not anytime soon anyway.”The outlook for software engineers offers a window into the impact that generative A.I. — the kind behind chatbots like OpenAI’s ChatGPT — is likely to have on knowledge workers across the economy, from doctors and lawyers to marketing managers and financial analysts. Predictions about the technology’s consequences vary widely, from wiping out whole swaths of the work force to hyper-charging productivity as an elixir for economic growth.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 150 Shares129 Views

      in Elections

      Vance, in First Foreign Speech, Tells Europe That U.S. Will Dominate A.I.

      by

      Speaking in Paris at an artificial intelligence summit, the vice president gave an America First vision of the technology — with the U.S. dominating the chips, the software and the rules.Vice President JD Vance told European and Asian leaders in Paris on Tuesday that the Trump Administration was adopting an aggressive, America First approach to the race to dominate all the building blocks of artificial intelligence, and warned Europeans to dismantle regulations and get aboard with Washington.On his first foreign trip since taking office, Mr. Vance used his opening address at an A.I. summit meeting hosted by France and India to describe his vision of a coming era of American technological domination. Europe, he said, would be forced to chose between using American-designed and manufactured technology or siding with authoritarian competitors — a not-very-veiled reference to China — who would exploit the technology to their detriment.“The Trump administration will ensure that the most powerful A.I. systems are built in the U.S. with American design and manufactured chips,” he said, quickly adding that “just because we are the leader doesn’t mean we want to or need to go it alone.”But he said that for Europe to become what he clearly envisions as a junior partner, it must eliminate much of its digital regulatory structure — and much of its policing of the internet for what its governments define as disinformation.For Mr. Vance, who is on a weeklong tour that will take him next to the Munich Security Conference, Europe’s premier meeting of leaders, foreign and defense ministers and others, the speech was clearly intended as a warning shot. It largely silenced the hall in a wing of the Grand Palais in the center of Paris. Leaders accustomed to talking about “guardrails” for emerging artificial intelligence applications and “equity” to assure the technology is available and comfortable for underserved populations heard none of those phrases from Mr. Vance.He spoke only hours after President Trump put new 25 percent tariffs on foreign steel, essentially negating trade agreements with Europe and other regions. Mr. Vance’s speech, precisely composed and delivered with emphasis, seemed an indicator of the tone Mr. Trump’s national security leaders plan to take to Europe this week.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 100 Shares159 Views

      in Elections

      Mark Zuckerberg se reúne con Trump en Mar-a-Lago

      by

      El presidente electo lleva tiempo criticando las plataformas de redes sociales de Meta, afirmando que lo restringen a él y a otros puntos de vista conservadores.Mark Zuckerberg se reunió el miércoles con el presidente electo Donald Trump en un raro encuentro cara a cara, el último intento del director ejecutivo de Meta de establecer una relación positiva con Trump.La reunión, confirmada por tres personas con conocimiento del asunto, fue iniciada por Zuckerberg, quien ha mantenido una tensa relación con Trump durante la última década. Trump, quien sostiene desde hace tiempo que Meta lo ha restringido injustamente a él y a otros conservadores en sus aplicaciones de redes sociales, ha lanzado ataques contra Zuckerberg en esas plataformas y durante sus discursos electorales.Zuckerberg voló a West Palm Beach, Florida, el martes por la noche antes de reunirse con Trump en su hotel y club, Mar-a-Lago, el miércoles, según las personas que hablaron bajo condición de anonimato porque no estaban autorizadas a hablar de la reunión. En buena parte, los dos hombres intercambiaron cumplidos, y Zuckerberg felicitó a Trump por ganar la presidencia.Tras la reunión celebrada a primera hora de la tarde, Trump y Zuckerberg tenían previsto cenar en el hotel de Trump esa misma noche, dijeron las personas.“Es un momento importante para el futuro de la innovación estadounidense”, dijo un representante de Meta en un comunicado. “Mark agradeció la invitación a cenar con el presidente Trump y la oportunidad de reunirse con miembros de su equipo para hablar sobre el gobierno entrante”.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 88 Shares179 Views

      in Elections

      Mark Zuckerberg Meets With Trump at Mar-a-Lago

      by

      Mark Zuckerberg met on Wednesday with President-elect Donald J. Trump in a rare face-to-face encounter, the latest attempt by the Meta chief executive to establish a positive rapport with Mr. Trump.The meeting, confirmed by three people with knowledge of the matter, was initiated by Mr. Zuckerberg, who has had a strained relationship with Mr. Trump over the past decade. Mr. Trump, who has long maintained that Meta has unfairly restrained him and other conservatives across its social media apps, has lobbed broadsides against Mr. Zuckerberg on social media and during stump speeches.Mr. Zuckerberg flew into West Palm Beach, Fla., on Tuesday evening before joining Mr. Trump at his hotel and club, Mar-a-Lago, on Wednesday, according to the people, who spoke on the condition of anonymity because they were not authorized to discuss the meeting. The two men largely exchanged pleasantries, with Mr. Zuckerberg congratulating Mr. Trump on winning the presidency.After the early afternoon meeting, Mr. Trump and Mr. Zuckerberg planned to have dinner at Mr. Trump’s hotel later that evening, the people said.“It’s an important time for the future of American innovation,” a Meta representative said in a statement. “Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his team about the incoming administration.”But Mr. Zuckerberg’s overtures come as the chief executive seeks to insulate Meta — which owns Facebook, Instagram and WhatsApp — from any potential blowback from the incoming administration. Meta has long been a target of conservatives in Washington; some in Congress have called for reining in what they see as censorship of conservative viewpoints. And Mr. Trump has personally called for Mr. Zuckerberg to be jailed in retaliation for “plotting against” him during the 2020 election.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 75 Shares99 Views

      in Elections

      Corporate America Braces for Trump 2.0

      by

      The race for the White House is deadlocked, but business leaders aren’t taking chances, reaching out to the former president to rebuild relations.Are business leaders already banking on a second Trump presidency?Hiroko Masuike/The New York TimesDo C.E.O.s think Donald Trump will win? As the presidential race nears its end next week, the most notable public sound from many C.E.O.s and businesses on the election has been silence — and Donald Trump’s camp is increasingly interpreting that as a sign that corporate America may be preparing for him to win.New reports show that top business leaders, including Silicon Valley heavyweights, have reached out to the former president, seemingly looking to rebuild relations and protect their businesses if Trump defeats Vice President Kamala Harris.Business leaders are privately discussing how to prepare for a Trump return. Attendees at a gathering last week of the Business Council, an invite-only association of C.E.O.s, talked about steps to take in case Trump goes after perceived enemies, according to The Washington Post.“I’ve told C.E.O.s to engage as fast as possible because the clock is ticking,” an unidentified Trump adviser told The Post. “If you’re somebody who has endorsed Harris, and we’ve never heard from you at any point until after the election, you’ve got an uphill battle.”Big Tech leaders are among those trying to reboot relations. In recent weeks, Trump has said that he has spoken with Tim Cook of Apple and Sundar Pichai of Alphabet. He has also heard from Mark Zuckerberg, and CNN adds that Andy Jassy of Amazon has reached out.The reason for such outreach is clear, Trump associates told CNN: Trump has gone after many of their companies and re-establishing relations is at the least a hedge in case he wins next week. (An unidentified source told CNN that Jassy’s call, made at the company’s request, was a general exchange of pleasantries.)We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 50 Shares179 Views

      in Elections

      Mark Zuckerberg’s Political Evolution

      by

      It was only a little more than a decade ago that Mark Zuckerberg had few qualms about airing his politics.Earnest and optimistic — perhaps naïvely so — he rushed onto the national stage to discuss issues he cared about: immigration, social justice, inequality, democracy in action. He penned columns in national newspapers espousing his views, spun up foundations and philanthropic efforts and hired hundreds of people to put his vast riches to work on his political goals.That was Mark Zuckerberg in his 20s. Mark Zuckerberg in his 40s is a very different Mark Zuckerberg.In conversations over the past few years with friends, colleagues and advisers, Mr. Zuckerberg has expressed cynicism about politics after years of bad experiences in Washington. He and others at the top of Meta, the parent company of Facebook, believed that both parties loathed technology and that trying to continue engaging with political causes would only draw further scrutiny to their company.As recently as June at the Allen and Company conference — the “summer camp for billionaires” in Sun Valley, Idaho — Mr. Zuckerberg complained to multiple people about the blowback to Meta that came from the more politically touchy aspects of his philanthropic efforts. And he regretted hiring employees at his philanthropy who tried to push him further to the left on some causes.In short — he was over it.His preference, according to more than a dozen friends, advisers and executives familiar with his thinking, has been to wash his hands of it all.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 75 Shares179 Views

      in Elections

      How Meta Distanced Itself From Politics

      by

      In January 2021, after pro-Trump rioters stormed the U.S. Capitol, Mark Zuckerberg announced a new priority for Meta: He wanted to reduce the amount of political content on the company’s apps, including Facebook and Instagram.As the United States hurtles toward November’s election, Mr. Zuckerberg’s plan appears to be working.On Facebook, Instagram and Threads, political content is less heavily featured. App settings have been automatically set to de-emphasize the posts that users see about campaigns and candidates. And political misinformation is harder to find on the platforms after Meta removed transparency tools that journalists and researchers used to monitor the sites.Inside Meta, Mr. Zuckerberg, 40, no longer meets weekly with the heads of election security as he once did, according to four employees. He has reduced the number of full-time employees working on the issue and disbanded the election integrity team, these employees said, though the company says the election integrity workers were integrated into other teams. He has also decided not to have a “war room,” which Meta previously used to prepare for elections.Last month, Mr. Zuckerberg sent a letter to the House Judiciary Committee laying out how he wanted to distance himself and his company from politics. The goal, he said, was to be “neutral” and to not “even appear to be playing a role.”“It’s quite the pendulum swing because a decade ago, everyone at Facebook was desperate to be the face of elections,” said Katie Harbath, chief executive of Anchor Change, a tech consulting firm, who previously worked at Facebook. We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More