The upcoming antitrust trial against Meta focuses on allegations from the FTC that the company's acquisitions of Instagram and WhatsApp were aimed at eliminating competition. As the trial unfolds, FTC attorney Daniel Matheson emphasized Meta's substantial profits contrasted by declining consumer satisfaction, alleging that these purchases were made to protect Meta's market dominance. In rebuttal, Meta's attorney Mark Hansen dismissed these claims as misguided, insisting the company has fostered competition and enhanced both platforms since their acquisitions. The trial is expected to be prolonged with ongoing appeals and significant testimony from high-profile figures like Zuckerberg.
In opening statements, FTC attorney Daniel Matheson said that Meta had generated enormous profits even as consumer satisfaction has dropped, suggesting that the company was 'erecting a moat' to protect its interests.
Meta attorney Mark Hansen argued that the FTC was making a 'grab bag' of incorrect arguments, asserting that Meta has plenty of competition and has improved Instagram and Whatsapp since their acquisition.
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