US takes aim at Zuckerberg's social media kingdom
- Next week, Meta will face the US government in a Washington federal court trial.
- The Federal Trade Commission initiated the case in December 2020, alleging Meta abused market power.
- The FTC argues Meta strategically acquired Instagram and WhatsApp to eliminate potential competition.
- Zuckerberg stated in an email that Instagram's potential was 'really scary,' and the WhatsApp acquisition cost $19 billion.
- If Meta loses, it could be forced to divest Instagram and WhatsApp, impacting its advertising business.
71 Articles
71 Articles
Meta earnings: See the social media giant's financial history, dividends, and growth expected from projections
Manuel Orbegozo/REUTERSMeta Platforms is a closely watched company, with its quarterly earnings carefully scrutinized.Meta Platforms Q4 2024 earnings report was released on January 29, 2025.The company is fighting an anti-trust lawsuit against the government.Meta Platforms, the Silicon Valley parent company of social media sites Facebook, Instagram, and Threads, the messaging app WhatsApp, and more, releases its earnings quarterly.CEO and chairm…
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