Daily Summary
The Federal Trade Commission has launched an antitrust trial against Meta, alleging that its acquisitions of Instagram and WhatsApp were designed to neutralize competition. The trial, led by Judge James Boasberg, could force Meta to sell both apps if the allegations are proven. Key witnesses, including Meta CEO Mark Zuckerberg, are expected to play a pivotal role in the proceedings.
Meta's Antitrust Trial Over Instagram and WhatsApp Acquisitions Begins
The FTC has launched an antitrust trial against Meta over its acquisitions of Instagram and WhatsApp, alleging the deals were intended to curb competition. With CEO Mark Zuckerberg set to testify, the trial could reshape future Big Tech merger and acquisition policies.