Meta CEO Mark Zuckerberg emphasized Wednesday that his social media company faces stiff competition from TikTok, as Meta seeks to fend off accusations from the Federal Trade Commission (FTC) that it has a monopoly over social networking.

In Meta's antitrust trial on Wednesday, Meta CEO Mark Zuckerberg testified that TikTok's success was a risk to Meta's business, saying the short-form

Mark Zuckerberg said that ByteDance Ltd.’s TikTok posed a “highly urgent” competitive threat to Meta Platforms Inc. when it first sprang up in 2018, as he testified for a third day in the Federal Trade Commission’s antitrust trial.