The US Federal Trade Commission (FTC) is pursuing a significant antitrust case against Meta Platforms Inc., arguing that the company illegally monopolized the social media market after its acquisitions of Instagram and WhatsApp. In a trial that commenced with arguments before Judge James Boasberg, the FTC's lawyers claimed that Meta violated competitive marketplace principles, potentially leading to enormous market value loss and affecting hundreds of millions of users. The case's outcome could redefine how the government assesses tech company mergers.
"For more than 100 years, American public policy has insisted firms must compete if they want to succeed. The reason we are here is that Meta broke the deal."
"If the FTC prevails, a spinoff of Instagram and WhatsApp would undo years of integration between the apps, disrupt two of the most popular digital consumer products in the world."
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