"Meta's lawyer Mark Hansen argued that the company's acquisitions were aimed at improving the services, emphasizing that they never raised prices on consumers."
"FTC attorney Daniel Matheson highlighted internal emails from Zuckerberg, stating they show Meta decided it was easier to buy out rivals rather than compete."
The FTC's recent case against Meta alleges the company misuses its power as a monopoly by acquiring competitors instead of competing, with internal emails from CEO Mark Zuckerberg cited as evidence. The trial questions the firm's acquisitions of Instagram and WhatsApp as tactics to eliminate competition rather than enhance services. Meta's defense argues that these purchases were made to improve and grow the platforms, maintaining that it is not a monopoly since it never raised prices, given all services are free. The trial represents a pivotal moment in the regulation of Big Tech.
Read at www.npr.org
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