<ul><li>Instagram CEO, Adam Mosseri, testified in a court hearing about the challenges of competing with TikTok and the need to adapt quickly to stay relevant.</li><li>Mosseri highlighted the impact of TikTok on Instagram's user engagement, with a significant decline attributed to TikTok's rise in popularity.</li><li>The testimony took place during the FTC's antitrust trial against Meta, with the government alleging market monopolization in personal social networking services.</li><li>Mosseri emphasized the importance of growth in the face of competition, stating that 'you're either growing, or you're slowly dying.'</li></ul>

Instagram CEO testifies about competing with TikTok: ‘You’re either growing, or you’re slowly dying’

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