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Meta, WhatsApp and Instagram

Reuters on MSN · 2d

Facebook owner Meta bought Instagram, WhatsApp instead of competing, FTC says at trial

By Jody Godoy WASHINGTON (Reuters) -Facebook parent Meta Platforms bought up nascent rivals Instagram and WhatsApp after its attempts to compete had failed, an attorney for the U.S. Federal Trade Commission said at the beginning of a high-stakes trial in Washington on Monday,

CNN on MSN · 2d

If Meta loses in antitrust case, it could be forced to break itself up by selling Instagram and WhatsApp

Boasberg will also be presiding over the trial and ruling for or against Meta, since there is no jury. His presence adds another layer of intrigue, since he also ruled against Trump’s use of the Alien Enemies Act to deport alleged Venezuelan gang members.

USA TODAY · 2d

Facebook owner Meta faces existential threat at trial over Instagram, WhatsApp

WASHINGTON—Facebook parent Meta Platforms faces a high-stakes trial in Washington starting on Monday on claims it built an illegal social media monopoly by spending billions of dollars to acquire Instagram and WhatsApp, in a case where U.S. antitrust enforcers seek to unwind the deals.

Mark Zuckerberg, Meta and Witness Stand

CBS News on MSN · 20h

Meta CEO Zuckerberg returns to witness stand, pushes back against FTC antitrust allegations

Meta CEO Mark Zuckerberg is in federal court for a second day in a landmark federal antitrust trial accusing Meta of being a monopoly.

Wall Street Journal · 22h

Zuckerberg, on Witness Stand, Rebuffs Claims Meta Monopolizes Social Media Market

WASHINGTON— Mark Zuckerberg defended his company against allegations that Meta META -1.87% Platforms is an unlawful monopolist, testifying on Tuesday that it had legitimate business reasons for acquiring Instagram more than a decade ago.

BBC on MSN · 1d

Mark Zuckerberg defends Meta in social media monopoly trial

Meta boss Mark Zuckerberg has taken the witness stand in a landmark antitrust trial to defend his company against allegations that his company operates a social media monopoly. His testimony is part of a case first brought by the Federal Trade Commission (FTC) in 2020 during the final days of the first Trump administration.

15hon MSN

Meta's Zuckerberg eyed Instagram spinoff amid antitrust scrutiny, document shows

Meta CEO Mark Zuckerberg considered spinning off popular photo-sharing app Instagram in 2018 over concerns about the growing ...

2h

Meta trial: 5 key moments from Zuckerberg's testimony

Meta Platforms CEO Mark Zuckerberg testified this week at a high-stakes trial in Washington where the U.S. Federal Trade ...

1h

Meta’s Mark Zuckerberg initially offered FTC a mere $450M in failed bid to settle antitrust case: report

Mark Zuckerberg’s Meta reportedly extended a paltry offer of just $450 million to settle the landmark FTC antitrust case that ...

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