Article 6WM1S Meta faces antitrust claims at trial over Instagram and WhatsApp ownership

Meta faces antitrust claims at trial over Instagram and WhatsApp ownership

by
Johana Bhuiyan and agencies
from Technology | The Guardian on (#6WM1S)

Facebook parent faces threats of illegal social media monopoly after spending billions to acquire two platforms

Facebook parent Meta Platforms faces a high-stakes trial in Washington starting on Monday on claims it built an illegal social media monopoly by spending billions of dollars to acquire Instagram and WhatsApp, in a case in which US antitrust enforcers seek to unwind the deals.

The acquisitions more than a decade ago aimed to eliminate nascent competitors who could threaten Facebook's status as the go-to social media platform for users to connect with friends and family, the US Federal Trade Commission claims. It filed the case in 2020 during Donald Trump's first term.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/technology/rss
Feed Title Technology | The Guardian
Feed Link https://www.theguardian.com/us/technology
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments