US EditionLandmark Antitrust Trial Against Meta Begins in Washington, DC
- Meta Platforms Inc. Is facing a historic antitrust trial that could force it to break off Instagram and WhatsApp, which it acquired to maintain a monopoly in social media.
- The lawsuit, filed by the Federal Trade Commission, claims Meta's acquisitions were anticompetitive and violated antitrust laws.
- Judge James Boasberg will preside over the trial, which will examine the legality of Meta's strategy of acquiring potential competitors.
- If the Federal Trade Commission wins, Meta may have to divest Instagram, a platform that currently accounts for 50.5% of its ad revenue in the U.S..
393 Articles
393 Articles
Meta and the FTC face off in court over monopoly claims
Meta CEO Mark Zuckerberg defended his social media platform on Monday before a federal judge in the U.S. government’s blockbuster case against the tech giant, which opened on Monday.The Federal Trade Commission is arguing that Meta has abused its power and acted as a monopoly by acquiring rivals in order to defang them as competitors.Over about three hours of testimony, Zuckerberg spoke about the early days of Facebook, the threat now-defunct My…
Will Meta have to give up Instagram? A huge antitrust trial looks to upend social media.
If the government gets its way, it could force a breakup of the social-media giant. One analyst asks: “Without Instagram and WhatsApp, what really is Meta?” Article Attribution | Read More at Article Source The post Will Meta have to give up Instagram? A huge antitrust trial looks to upend social media. appeared first on RocketNews.
Coverage Details
Bias Distribution
- 55% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
