Meta has filed a motion for judgment in its ongoing antitrust case, claiming that the Federal Trade Commission (FTC) has failed to provide evidence of unlawful monopolization in social networking following its acquisitions of Instagram and WhatsApp. Despite the FTC resting its case, Meta's spokesperson stated the government's approach mischaracterizes the competitive landscape of social media. The trial is set to continue, with Meta asserting its defense and challenging the FTC's market definition and evidence. Key testimonies in the FTC's case included statements from Instagram's co-founder and current head, reflecting differing perspectives on Meta's impact on competition.
"After five weeks of trial, it is clear that the FTC has failed to meet the legal standard required under antitrust law," said Meta spokesperson Christopher Sgro.
"Regardless, we will present our case to show what every 17-year-old in the world knows: Instagram competes with TikTok (and YouTube and X and many other apps)."
Meta argues that the FTC has failed to demonstrate Meta reduced the quality of its services or that it bought Instagram to neutralize a potential rival.
The motion for judgment asks a judge to consider a case's merits attempting to speed its resolution before a full argument.
Collection
[
|
...
]