Daily Summary
The FTC has begun a major antitrust trial against Meta, accusing the company of acquiring Instagram and WhatsApp to squash competition, a case that might force Meta to sell off the apps. Meanwhile, market research firm Zappi raised $170 million to boost its AI and machine learning technology, aimed at offering enhanced insights for marketing and product innovation during economic downturns.
Meta Faces Antitrust Trial Over Instagram and WhatsApp Acquisitions
The FTC has launched a major antitrust trial against Meta, alleging that its acquisitions of Instagram and WhatsApp were designed to eliminate competition. With Judge James Boasberg presiding over the case and Meta CEO Mark Zuckerberg testifying, the trial could have far-reaching implications for the future of Big Tech mergers and acquisitions.
Zappi Secures $170 Million to Enhance AI-Driven Market Intelligence
Market intelligence firm Zappi has raised $170 million to further develop its AI and machine learning capabilities, enabling deeper insights into marketing, advertising, and product innovation.