The Federal Trade Commission (FTC) has initiated a major antitrust case against Meta, investigating whether its acquisitions of Instagram and WhatsApp were designed to eliminate competition. This trial, expected to last seven to eight weeks, includes callings of significant witnesses like Mark Zuckerberg. The FTC claims these acquisitions are part of a 'buy or bury' strategy that has enabled Meta to maintain monopoly power, violating federal antitrust laws. The FTC seeks to unwind these purchases to restore competition in the social media market, while Meta defends its actions as fair competition.
The Federal Trade Commission's antitrust case against Meta challenges its acquisitions of Instagram and WhatsApp, arguing that these moves aimed to eliminate competition.
The FTC alleges Meta's 'buy or bury' strategy violated antitrust laws, claiming the tech firm stifled competition to maintain its dominance in social media.
To restore competition, the FTC seeks to force Meta to divest Instagram and WhatsApp, allowing smaller companies to thrive in the social media landscape.
In response, Meta argues it is being punished for its success and insists it has always engaged in fair competition within the tech industry.
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