US argues Meta built a social media monopoly

Share via:


The Federal Trade Commission on Monday accused Meta of creating a monopoly that squelched competition by buying startups that stood in its way, kicking off a landmark antitrust trial that could dismantle a social media empire that has transformed how the world connects online.

In a packed courtroom in the US District Court of the District of Columbia, the FTC opened its first antitrust trial under the Trump administration by arguing that Meta illegally cemented a monopoly in social networking by acquiring Instagram and WhatsApp when they were tiny…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

US argues Meta built a social media monopoly


The Federal Trade Commission on Monday accused Meta of creating a monopoly that squelched competition by buying startups that stood in its way, kicking off a landmark antitrust trial that could dismantle a social media empire that has transformed how the world connects online.

In a packed courtroom in the US District Court of the District of Columbia, the FTC opened its first antitrust trial under the Trump administration by arguing that Meta illegally cemented a monopoly in social networking by acquiring Instagram and WhatsApp when they were tiny…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

At US antitrust trial, Meta’s Mark Zuckerberg admits he...

Meta CEO Mark Zuckerberg made a key concession...

TapFin Floats NBFC GoGreen Capital To Offer Green Financing

SUMMARY Initially, GoGreen Capital will focus on catering to...

New-Age Tech Stocks Surge As Markets Cheer US’ Tariff...

SUMMARY Barring Paytm and Honasa, 30 out of the...

Popular

Upcoming Events

Indian space startups dock in for a slice of...

The United States is no longer just the...

GamePal helps you keep keep track of your game...

Every gaming platform has its own app for...

HC Directs Google To Deposit Penalty For Flouting Forex...

SUMMARY The HC, in a judgement passed last month,...
GdfFD GFD GFD GFD GFD GFD GFD GFD