Meta Antitrust Trial Begins
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Technology
Meta antitrust trial: updates from the monopoly battle with the FTC
62% Informative
Meta is fighting charges that it illegally monopolized a subset of the social media market through its acquisitions of Instagram and WhatsApp years ago.
Federal Trade Commission Chair Andrew Ferguson refused to commit to resisting President Donald Trump if he ordered the agency to drop its antitrust suit against Meta , saying he would “obey lawful orders”.
The lawsuit centers on Facebook ’s acquisitions, particularly its $1 billion purchase of Instagram in 2011 . In addition to its acquisition strategy, the attorneys general allege that Facebook used the power and reach of its platform to stifle user growth for competing services. Read Article >.