ETtech Explainer: Why the US government wants to break up Meta

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Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, is facing its most serious legal challenge yet — one that could force it to sell Instagram and WhatsApp. The United States Federal Trade Commission (FTC) has launched a major antitrust case against Meta, accusing it of buying rivals to kill off competition and build a social media monopoly.

This case, years in the making, has now gone to trial. Meta’s chief, Mark Zuckerberg, has taken the stand, defending the company’s acquisitions and strategy.

When did it all start?

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ETtech Explainer: Why the US government wants to break up Meta


Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, is facing its most serious legal challenge yet — one that could force it to sell Instagram and WhatsApp. The United States Federal Trade Commission (FTC) has launched a major antitrust case against Meta, accusing it of buying rivals to kill off competition and build a social media monopoly.

This case, years in the making, has now gone to trial. Meta’s chief, Mark Zuckerberg, has taken the stand, defending the company’s acquisitions and strategy.

When did it all start?

Back…



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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