The antitrust trial in which Meta Platforms is accused of building an illegal monopoly by acquiring Instagram and WhatsApp begins today
Sanziana Georgescu
International
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The lawsuit, which begins Monday in Washington, targets allegations that Meta spent billions to eliminate competition in the social media market. The Federal Trade Commission (FTC) alleges the Instagram and WhatsApp acquisitions were meant to protect Facebook from competitors. Jennifer Newstead, Chief Legal Officer of Meta, criticized the lawsuit as 'weak', and CEO Mark Zuckerberg could testify. If the FTC wins, Meta could be forced to sell off parts of its business, which would significantly hurt the company's revenue.
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