Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année

Essayer OR - Gratuit

To win monopoly fight, Meta is touting a rival: TikTok

Mint New Delhi

|

May 06, 2025

Meta Chief Executive Mark Zuckerberg said Instagram and Facebook have become more like TikTok

- Dave Michaels

Weeks into an antitrust trial that threatens the future of Meta Platforms' social-media empire, the company's best bet for a court victory might lie with one of its rivals: TikTok.

The Federal Trade Commission is seeking to break up Meta, alleging that it wields an illegal monopoly originally built more than a decade ago through Facebook's acquisitions of Instagram and WhatsApp.

To prevail, the agency needs to show not only that Meta engaged in unlawful monopolization, but also that its dominance hasn't waned since.

That is where TikTok comes in.

The FTC has been methodically presenting evidence to support its claim that Meta has muscled out most competition in the market for consumers who use social media to connect with friends and family.

Meta has sought to undercut that claim by arguing that the social-media marketplace has evolved into a form of entertainment and news.

In today's world, Meta says, TikTok's short-form video platform is a formidable rival.

That position has scored some points.

Under questioning Wednesday from a Meta lawyer, a senior TikTok executive testified that his company isn't like Instagram and Facebook.

"We are an app and we have social features, but I don't think of us as a social app," said Adam Presser, TikTok's head of operations.

Meta's lawyers then highlighted a series of internal TikTok analyses that muddied the waters.

PLUS D'HISTOIRES DE Mint New Delhi

Mint New Delhi

EV, hydro boom to power 6x rise in battery storage by ‘47

India is preparing to meet a projected cumulative battery energy storage capacity of nearly 3 terawatt-hours (TWh) by 2047 across electric mobility, power, and electronic components, according to two people aware of the development, with electric vehicles (EVs) expected to contribute a third of the demand.

time to read

2 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Taxpayer base soars, but return filings lag sharply: CBDT data

India’s income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, according to latest data from the central board of direct taxes (CBDT).

time to read

3 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

INSIDE THE QUIET RISE OF A GURUGRAM DEVELOPER

Rising from the ashes of NCR's property crisis, Signature Global became India’s 5th-largest listed realty firm in FY25 by sales

time to read

7 mins

November 27, 2025

Mint New Delhi

Market nears peak on dollar tailwind

Stocks jump 1.2%, but futures rollovers signal weak conviction

time to read

3 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

SP Eyes Tata exit to cut debt costs

Debt-laden Shapoorji Pallonji Group is banking on Tata Trusts softening the stance on its potential exit from Tata Sons to reduce its borrowing costs, two people aware of the matter said.

time to read

2 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Why computers are selling like hot cakes again

Sales of laptops, desktops and tablets had a bad time in India after a pandemic boom.

time to read

2 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Candidates using AI? No, thanks, say IIT recruiters

As the annual placement season dawns at the Indian Institutes of Technology (IITs), colleges and recruiters are working to bar artificial intelligence (AI) tools and prevent cheating at test venues, a concern that first rose last year.

time to read

3 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Reliance JV, L&T to plough $13.5 bn into data centres

India’s data-infrastructure buildout hit a $13.5-billion inflection point on Wednesday, with a Reliance Industries Ltd (RIL) joint venture and Larsen & Toubro (L&T) announcing large-scale investments in data centres, driven by surging demand for artificial intelligence (AI) applications.

time to read

2 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Softbank’s 40% fall from peak shows worry on OpenAI bet

Growing unease over frothy artificial intelligence (AI) valuations is weighing on shares of SoftBank Group Corp.

time to read

2 mins

November 27, 2025

Mint New Delhi

PepsiCo taps gourmet taste buds with Red Rock Deli’s India debut

Snack and cola maker PepsiCo is finally giving gourmet a chance with the launch of Red Rock Deli chips, priced ₹60 and ₹125 a pack, in a shift from its years-long focus on mass-market Lay's that starts as low as ₹5.

time to read

2 mins

November 27, 2025

Listen

Translate

Share

-
+

Change font size