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 Face Antitrust Trial Over This is the hidden content, please Sign In or Sign Up , WhatsApp Acquisitions This is the hidden content, please Sign In or Sign Up owner Meta Platforms must face trial in a US Federal Trade Commission lawsuit seeking its break-up over claims that it bought This is the hidden content, please Sign In or Sign Up and WhatsApp to crush emerging competition in social media, a judge in Washington ruled on Wednesday. Judge James Boasberg largely denied Meta’s motion to end the case filed against This is the hidden content, please Sign In or Sign Up in 2020, during the Trump administration, alleging that the company acted illegally to maintain its social network monopoly. Meta, then known as This is the hidden content, please Sign In or Sign Up , overpaid for This is the hidden content, please Sign In or Sign Up in 2012 and WhatsApp in 2014 to eliminate nascent threats instead of competing on its own in the mobile ecosystem, the FTC claims. Boasberg let that claim stand, but dismissed the FTC’s allegation that This is the hidden content, please Sign In or Sign Up bolstered its dominance by restricting third-party app developers’ access to the platform unless they agreed not to compete with its core services. “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,” a Meta spokesperson said on Wednesday. FTC spokesperson Douglas Farrar said that the case filed during the Trump administration and refined under Biden “represents a bipartisan effort to curtail Meta’s monopoly power and restore competition to ensure freedom and innovation in the social media ecosystem.” At trial, Meta will not be allowed to argue the WhatsApp acquisition boosted competition by strengthening its position against Apple and This is the hidden content, please Sign In or Sign Up , Boasberg ruled. The judge said he would release a detailed order later on Wednesday after the FTC and Meta have had a chance to redact any sensitive commercial information. A trial date in the case has not been set. Meta had urged the judge to dismiss the entire case, saying it depended on an overly narrow view of social media markets, and did not take into account competition from ByteDance’s TikTok, This is the hidden content, please Sign In or Sign Up ’s This is the hidden content, please Sign In or Sign Up , X, and This is the hidden content, please Sign In or Sign Up ’s LinkedIn. The case is one of five blockbuster lawsuits where antitrust regulators at the FTC and US Department of Justice are going after Big Tech. This is the hidden content, please Sign In or Sign Up .com Inc and Apple are both being sued, and Alphabet’s This is the hidden content, please Sign In or Sign Up is facing two lawsuits, including one where a judge recently found it unlawfully thwarted competition among online search engines. © Thomson Reuters 2024 (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) This is the hidden content, please Sign In or Sign Up #Meta #Face #Antitrust #Trial # This is the hidden content, please Sign In or Sign Up #WhatsApp #Acquisitions 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/167631-meta-will-face-antitrust-trial-over-instagram-whatsapp-acquisitions/ Share on other sites More sharing options...
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