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Meta Pleads With Judge To Dismiss FTC's Antitrust Case in High-Stakes Trial - Meta Platforms (NASDAQ:META)
- Meta Platforms has filed a motion seeking to throw out the FTC's ongoing antitrust lawsuit that challenges its purchases of Instagram and WhatsApp.
- The case arose after the FTC initiated proceedings last April, alleging Meta illegally monopolized the social media market through a 'buy or bury' strategy.
- Meta contended that the FTC did not sufficiently establish that it holds a monopoly or that consumers were harmed, emphasizing that Instagram and WhatsApp continue to face fierce rivalry from other popular social media and content apps such as TikTok, YouTube, and X.
- Meta argued that the FTC has not sufficiently proven that the Menlo Park company holds a monopoly or that consumers have been harmed, making the case an unnecessary burden on taxpayers.
- If the judge rejects dismissal, the trial may extend into June and could result in Meta being required to separate Instagram and WhatsApp, impacting future regulatory approaches toward major technology companies.
19 Articles
19 Articles
Did WhatsApp really need Meta?
In its antitrust case against Meta, the US Federal Trade Commission is asking a judge to consider an alternate reality. In that world, the company never bought Instagram and WhatsApp. The two apps remained competitive with Facebook, developing features that competed for users' attention. And that competition created a thriving ecosystem of social media apps where people can connect with their friends and family. Meta has spent the past several d…
WhatsApp Had No Plans to Compete With Facebook, Co-Founder Says
WhatsApp co-founder Brian Acton said that his messaging company had no plans to build social networking features to compete with Facebook before he sold the company to Mark Zuckerberg, a claim that bolsters Meta’s defense as it faces federal antitrust allegations.
Meta Pleads With Judge To Dismiss FTC's Antitrust Case in High-Stakes Trial - Meta Platforms (NASDAQ:META)
Meta Platforms Inc. (NASDAQ:META) urged a federal judge to dismiss the significant antitrust case filed by the Federal Trade Commission (FTC) during an ongoing trial that could potentially lead to the breakup of the tech behemoth. What Happened: Meta has requested the court to dismiss the FTC’s antitrust case. The FTC has contended that Meta unlawfully dominates the social media market, particularly those apps that rely on friends-and-family con…
The government’s weak case to break off Instagram is a test for American tech innovation and law
By Yaël Ossowski For the last five weeks, an agency of the Federal government has attempted to convince a judge that Meta should be forcibly broken up for parts. Social media influencers, small businesses advertisers, and roaming bands of phone scrollers have their online experiences on trial. That’s millions, if not billions of users not just in the United States but around the globe. Source
FTC v. Meta: Meta rested its case on May 21 after four days of arguments, including that it faces hefty competition and helped build Instagram and WhatsApp
New York Times: FTC v. Meta: Meta rested its case on May 21 after four days of arguments, including that it faces hefty competition and helped build Instagram and WhatsApp — The social media company called only a handful of witnesses as it sought to prove it helped Instagram and WhatsApp after acquiring them.
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