Meta is embroiled in a battle with the FTC over its acquisitions of Instagram and WhatsApp, which the government claims stifled competition and entrenched Meta's dominance in social media. The FTC seeks to unravel these acquisitions, arguing they created an illegal monopoly. Meta counters by pointing to its competition with platforms like TikTok and YouTube, while emphasizing its role in developing these acquired services. The outcome of this case poses significant implications for Meta's financial future, especially considering its current $1.3 trillion valuation, amidst a declining stock price.
This case represents one of the most significant challenges to Big Tech in decades, with Meta's $1.3 trillion valuation potentially at stake.
Meta asserts it competes with services like TikTok and YouTube, which the FTC has excluded from its definition of the market.
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