The antitrust trial in which Meta Platforms is accused of building an illegal monopoly by acquiring Instagram and WhatsApp begins today
Sanziana Georgescu
International
sursa foto: shutterstock.com
Always see our news on Google
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.
Sources
Latest News
17:45
German intelligence service warns of the risks of Chinese technologies
17:37
Tanczos Barna announces amendment of the order to streamline grain exports through the Port of Constanța
17:27
Sorin Grindeanu would reportedly be dissatisfied with the UDMR's position
17:21
Deputy Călin Florin Groza leaves Victor Ponta's group and joins the PSD
17:10
Kelemen Hunor rules out UDMR joining the next government / What he says about snap elections
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
