Mark Zuckerberg was catching some waves this Independence Day weekend.
The Facebook founder on Sunday posted a video to Instagram of himself riding an electric surfboard while carrying an American flag.
“Happy July 4th!” Zuckerberg captioned the post.
Now, you may be wondering: does Zuck eventually wipe out? In fact, he manages to stay upright and hold onto the flag for the entirety of the 1 minute 10 seconds covered by the video.
Watch the clip here:
Mark Zuckerberg Has Had a Good Year
Last month, Facebook joined the trillion-dollar company club as the company’s valuation crossed the $1 trillion mark. That uptick followed the news that a federal judge had tossed out an antitrust lawsuit brought by the Federal Trade Commission against Facebook.
In the suit, the FTC argued that Facebook has a social networking monopoly. And it claimed Facebook has protected that monopoly by acquiring potential competitors like Instagram and WhatsApp. It also claimed that Facebook had blocked interoperability between Facebook and apps that might grow into threats. The FTC sought to break up or reorganize Facebook.
But U.S. District Judge James Boasberg sided with Facebook, finding that the FTC had failed to prove that Facebook enjoys a social networking monopoly.
Headaches Loom for Facebook
Still, more headaches may loom for Mark Zuckerberg. That’s not necessarily the end of the road for the FTC. It can amend its lawsuit, and that’s just what a bipartisan group of lawmakers have urged it to do.
In a letter to FTC Chair Lina Khan, the Democrats and Republicans leading the congressional antitrust panels encouraged the FTC to “pursue enforcement action against Facebook and to consider all available options under the law for ensuring that the commission’s claims receive a full and fair hearing,” Reuters reports.
The FTC is likely to file a new lawsuit against Facebook, experts said. Boasberg’s dismissal has also fueled support for legislation to rein in the big tech conglomerates.
There are six bills currently making their way through Congress that would curb some of big tech’s alleged excesses, according to MarketWatch. Among other things, they would make it harder for companies like Facebook to acquire smaller competitors, and they would blunt the outsized influence of Apple, Amazon and Google’s platforms. The bills have yet to be brought to the floor for votes.
“[T]hey are very important pieces of legislation, and I think there’s a broad agreement that antitrust in the social media field needs to be addressed and the power needs to be addressed,” Rep. Steny Hoyer (D-MD) said.