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Meta's antitrust trial could force it to sell Instagram
Financial Express Kochi
|April 15, 2025
META PLATFORMS FACES a historic antitrust trial beginning Monday that could force the tech giant to break off Instagram and WhatsApp, startups it bought more than a decade ago that have since grown into social media powerhouses.
The looming antitrust trial will be the first big test of President Donald Trump's Federal Trade Commission's ability to challenge Big Tech.
The lawsuit was filed against Meta — then called Facebook — in 2020, during Trump's first term. It claims the company bought Instagram and WhatsApp to squash competition and establish an illegal monopoly in the social media market. Meta, the FTC argues, has maintained a monopoly by pursuing CEO Mark Zuckerberg's strategy, "expressed in 2008: 'It is better to buy than compete.' True to that maxim, Facebook has systematically tracked potential rivals and acquired companies that it viewed as serious competitive threats."
Diese Geschichte stammt aus der April 15, 2025-Ausgabe von Financial Express Kochi.
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