Connect with us

Hi, what are you looking for?

TopMarketReports.comTopMarketReports.com

Tech News

Meta must face FTC trial that could separate Instagram and WhatsApp

Image of Meta’s logo with a red and blue background.
Illustration by Nick Barclay / The Verge

Meta must face the Federal Trade Commission’s antitrust lawsuit that accuses the company of dominating the social media industry through its acquisitions of Instagram and WhatsApp, a DC District Court Judge ruled on Wednesday.

The FTC filed a lawsuit against Meta in 2020, alleging the company bought up rivals — Instagram and WhatsApp — in an attempt to stifle competition. Judge James Boasberg initially dismissed the FTC’s lawsuit in 2021, but the agency filed an amended complaint, which he ultimately let proceed.

Meta once again asked the court to dismiss the FTC’s case in April. Boasberg has now ruled largely in favor of the FTC, though he dismissed a claim that Meta acted anticompetitively by preventing developers from accessing its…

Continue reading…

You May Also Like

Tech News

Photo by Amelia Holowaty Krales / The Verge Apple’s ability to sell the Watch Series 9 and Ultra 2 in the US is in...

Editor's Pick

David Inserra Last week, Australia dropped its revised Combatting Misinformation and Disinformation Bill 2024, and it’s about two sandwiches short of a picnic. The...

Editor's Pick

So the first Fed rate cut is behind us, and we are no longer in a “higher for longer” period, but in a new...

Editor's Pick

The Federal Reserve’s interest rate cut decision on Wednesday was like receiving a gift from a wish list. When the rate cut was announced,...