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Meta will face antitrust trial over Instagram, WhatsApp acquisitions

  • Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking its break-up over claims that it bought Instagram and WhatsApp to crush emerging competition in social media.
  • The FTC sued Meta's Facebook in 2020, alleging that the company acted illegally to maintain its social network monopoly.
  • A federal judge denied Meta's request to drop the FTC's case, which accuses Meta of buying the two social media platforms to crush emerging competition.
  • Meta argues the case should be dismissed, claiming it faces competition from apps like TikTok.
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Meta, the parent company of Facebook, Instagram and WhatsApp, will not escape a lawsuit filed by the regulator Federal Trade Commission (FTC) for its dominant position in the social media market, a judge in Washington ruled on Wednesday....

·Brussels, Belgium
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The plaintiff alleges that the company acquired the apps to stifle competition in the social media market, which was just beginning.

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El Economista broke the news in on Wednesday, November 13, 2024.
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