Connect with us

Hi, what are you looking for?

Major Financial PartnerMajor Financial Partner

Tech News

Meta must face FTC trial that could separate Instagram and WhatsApp

Image of Meta’s logo with a red and blue background.
Illustration by Nick Barclay / The Verge

Meta must face the Federal Trade Commission’s antitrust lawsuit that accuses the company of dominating the social media industry through its acquisitions of Instagram and WhatsApp, a DC District Court Judge ruled on Wednesday.

The FTC filed a lawsuit against Meta in 2020, alleging the company bought up rivals — Instagram and WhatsApp — in an attempt to stifle competition. Judge James Boasberg initially dismissed the FTC’s lawsuit in 2021, but the agency filed an amended complaint, which he ultimately let proceed.

Meta once again asked the court to dismiss the FTC’s case in April. Boasberg has now ruled largely in favor of the FTC, though he dismissed a claim that Meta acted anticompetitively by preventing developers from accessing its…

Continue reading…

You May Also Like

World News

Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

World News

In the final three weeks of the presidential race, former president Donald Trump and his advisers have attacked one particular foe more than three...

World News

MADISON, Wis. — Early voting kicked off in this battleground state this week with computer delays and long lines. Voters waited as long as...

Editor's Pick

In this video from StockCharts TV, Julius addresses US sector rotation and takes it to the next level when he dives into the breakdown...