New: Mark Zuckerberg will make the case to the House tm that Insta and WhatsApp are better for consumers b/c Facebook bought them, raise threat of China and say that FB started “with nothing” and thrived by making better products, per testimony to antitrust probe reviewed by NYT.

He’ll say that Insta and WhatsApp were able to grow in ways that were only possible with Facebook’s acquisition of the firms. He will note the FB expertise that the apps take advantage of, like helping with spam protection at scale.

Noting China’s walled-off internet, he will say that there is “no guarantee” that American values will prevail. He’ll say Congress should consider those values as it weighs the nation’s antitrust laws.

At a high level, he will try to paint Facebook as successful only because it constantly competes. It's reminiscent of what he said during his first outing to the Hill, when asked by Lindsey Graham who Facebook's biggest competitor was:

"Senator, we have a lot of competitors."

Now read the full setup! Details on Zuckerberg, Bezos prep and more: https://www.nytimes.com/2020/07/28/technology/amazon-apple-facebook-google-antitrust-hearing.html