Diamond Member Pelican Press 0 Posted November 14 Diamond Member Share Posted November 14 This is the hidden content, please Sign In or Sign Up Meta will have to defend itself from antitrust claims after all The Federal Trade Commission will get a chance to argue its case for Meta’s breakup in court. On Wednesday, US District Judge James Boasberg allowed the FTC’s lawsuit against the social media giant to move forward ( This is the hidden content, please Sign In or Sign Up ). The FTC first sued Meta in 2020 in an attempt to force the company, then known as This is the hidden content, please Sign In or Sign Up , to divest itself of This is the hidden content, please Sign In or Sign Up and WhatsApp. Alongside dozens of attorneys general, the agency alleged Meta acquired the platforms in 2012 and 2014 to stifle growing competition in the social media market. This past April, Meta asked Judge Boasberg to dismiss the case. In addition to noting that the FTC had previously approved both acquisitions, Meta argued that the agency had ******* to show that the company held monopoly power in the social networking services market, and that, in buying This is the hidden content, please Sign In or Sign Up and WhatsApp, it had harmed consumers. Additionally, the company claimed that it had invested billions of dollars in both platforms and made them better as a result, to the benefit of social media users everywhere. While he did not entirely dismiss the lawsuit, Boasberg did force the FTC to narrow its case, dismissing an allegation that This is the hidden content, please Sign In or Sign Up had provided preferential access to developers who agreed not to compete with it. “We are confident that the evidence at trial will show that the acquisitions of This is the hidden content, please Sign In or Sign Up and WhatsApp have been good for competition and consumers. More than 10 years after the FTC reviewed and cleared these deals, and despite the overwhelming evidence that our services compete with This is the hidden content, please Sign In or Sign Up , TikTok, X, Apple’s iMessage, and many others, the Commission is wrongly continuing to assert that no deal is ever truly final, and businesses can be punished for innovating,” a Meta spokesperson told Engadget. “We will review the opinion when it’s filed.” Judge Boasberg will meet with the two sides on November 25 to schedule the trial. The FTC lawsuit, it should be noted, was filed under the previous Trump administration, though whether it moves forward and in what form will depend on who President-elect Trump appoints to lead the agency. This is the hidden content, please Sign In or Sign Up #Meta #defend #antitrust #claims This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/167540-meta-will-have-to-defend-itself-from-antitrust-claims-after-all/ Share on other sites More sharing options...
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