Meta asks judge to rule that FTC failed to prove its monopoly case

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Facebook parent company ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/meta-platforms” target=”_blank”>Meta Platforms asked a federal judge on Thursday to throw out the U.S. Federal Trade Commission’s case accusing it of an illegal social media monopoly, saying the agency failed to prove its case at a high-stakes antitrust trial.

At the trial, which began on April 14 in Washington, the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ftc” target=”_blank”>FTC has sought to show that Meta, then known as Facebook, illegally dominated the market for social media platforms used to share updates with friends and family through its acquisitions of Instagram and WhatsApp. The FTC is seeking to unwind…



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Meta asks judge to rule that FTC failed to prove its monopoly case


Facebook parent company ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/meta-platforms” target=”_blank”>Meta Platforms asked a federal judge on Thursday to throw out the U.S. Federal Trade Commission’s case accusing it of an illegal social media monopoly, saying the agency failed to prove its case at a high-stakes antitrust trial.

At the trial, which began on April 14 in Washington, the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ftc” target=”_blank”>FTC has sought to show that Meta, then known as Facebook, illegally dominated the market for social media platforms used to share updates with friends and family through its acquisitions of Instagram and WhatsApp. The FTC is seeking to unwind…



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.

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