We have seen a surge in regulatory authorities ensuring that companies act responsibly and are not involved in any kind of practices that discourage competition and could be, in fact, anti-competitive. Google has been facing a lot of pressure for its monopoly in the search engine market, and many other big companies are also facing scrutiny. Now, Meta seems to be under hot waters as an antitrust lawsuit is pursued against it for dominating the social media industry through WhatsApp and Instagram.
Meta to FTC trial due to its decision to acquire Instagram and WhatsApp and allegedly discourage competition
The FTC seems to be aggressively working towards ensuring that companies do not indulge in monopolistic practices and form dominance that discourages healthy competition from sustaining in the market. Meta seems to be being targeted now, as the DC District Court Judge ruled on Wednesday that the company formed domination in the social media industry through its acquisition of Instagram and WhatsApp and is facing an antitrust lawsuit as a result.
FTC has been pursuing Meta since 2020 for allegedly halting competition by buying the two biggest social media platforms and creating market dominance by eliminating potential rivals. A judge dismissed the case in 2021 for lacking sufficient evidence to support the claim, but FTC later submitted an amended complaint, and the judge then allowed the case to proceed that could potentially separate Instagram and WhatsApp from the social media giant.
Meta requested the case be dismissed in April, but this time…
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