US EditionLandmark Antitrust Trial Against Meta Begins in Washington, DC
- Meta Platforms Inc. Is undergoing a historic antitrust trial that could mandate the separation of Instagram and WhatsApp, which it acquired for a total of $23 billion.
- The Federal Trade Commission accuses Meta of using acquisitions to eliminate competition and maintain a monopoly in social media.
- Judge James Boasberg will oversee the trial, which presents a crucial test of U.S. Antitrust laws regarding mergers and acquisitions.
- Meta argues that it faces substantial competition from platforms like TikTok and that its acquisitions have benefited consumers and competition.
396 Articles
396 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.
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