Meta faces trial over FTC claims it bought Instagram and WhatsApp to eliminate competition.

Meta Platforms, parent company of Facebook, will face a trial over the FTC's claim that it bought Instagram and WhatsApp to eliminate competition and maintain its monopoly in social media. The judge dismissed claims of restricted third-party developer access but allowed the allegation that Meta overpaid for the acquisitions to stifle emerging threats. Meta argues the acquisitions benefited competition. This case is one of five major antitrust lawsuits against big tech companies.

November 13, 2024
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