Summary

  • US district judge James Boasberg will decide whether Meta has created a monopoly with its ownership of Instagram and WhatsApp, with the Federal Trade Commission (FTC) seeking to unwind the acquisitions.
  • The FTC attempted to prove that Meta had bought up potential competitors, but the company asserted that the two apps would have struggled to flourish had they not been purchased.
  • Meta also argued that the FTC had ignored competition in the form of TikTok and YouTube, which are social media platforms focused on entertainment.
  • Boasberg criticised both Meta and the FTC, saying that neither had presented a “clear picture of how consumers perceive the relevant market”.
  • Boasberg is expected to deliver his ruling in the coming months.

By Lauren Feiner

Original Article