"The U.S. economy thrives when competition can flourish and U.S. businesses compete fairly against one another. Yet Meta has maintained its dominant position and record profits for well over a decade not through legitimate competition, but by buying its most significant competitive threats. The Trump-Vance FTC will continue fighting its historic case against Meta to ensure that competition can thrive across the country to the benefit of all Americans and U.S. businesses."
"If worse comes to worse, I suspect that the Trump Administration's fear of losing ground to China in the AI war will be enough to reduce any resulting penalties. But I don't think it's going to get that far."
The U.S. economy benefits when competition flourishes and businesses compete fairly. Meta maintained a dominant market position and sustained record profits for more than a decade largely by acquiring major competitive threats instead of competing on merit. The Trump-Vance FTC is pursuing a historic antitrust case against Meta to restore competitive dynamics nationwide and protect the interests of Americans and U.S. businesses. Political concerns about falling behind China in the AI race could potentially lead to reduced penalties, but the assessment expressed is that such pressure is unlikely to prevent meaningful enforcement.
Read at Social Media Today
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