A judge in Washington ruled that Meta Platforms must face trial in a lawsuit by the Federal Trade Commission aiming to break it up, due to monopolistic actions.
The FTC claims that Meta overpaid for Instagram and WhatsApp to eliminate competition, alleging that these acquisitions were illegal and anti-competitive.
Douglas Farrar from the FTC described the lawsuit as a bipartisan effort intended to 'curtail Meta's monopoly power' and promote competition in the social media market.
Meta remains assertive, claiming that the acquisitions of Instagram and WhatsApp have positively impacted competition and benefited consumers, despite the ongoing legal battle.
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