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- Meta antitrust trial update; Whatsapp Instagram vs FTC | Mark zuckerberg
Washington6 hours ago
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Social media platforms- Facebook, WhatsApp and Instagram parent company Mata may have to sell two platforms WhatsApp and Instagram. The reason is the hearing of the antitrust case against the company in Washington, USA.
The company has been accused by the US Competition and Consumer Watch Dog that it had bought Instagram ($ 1 billion) in 2012 and WhatsApp ($ 22 billion) in 2012 to end the market competition and build its own monopoly.
If FTC wins the case, platforms may have to be sold
The Federal Trade Commission (FTC) gave permission to buy WhatsApp and Instagram. But under the rules, FTC also has to monitor the result of the deal. So he had to register a case against Meta. If (FTC) wins the case, he may force Meta CEO Mark Zuckerberg to sell both Instagram and WhatsApp.
Zuckerberg and former COO can be called for questioning
According to the report, both Zuckerberg and former Chief Operating Officer (COO) Shell Sandberg can be called for questioning during the trial in the trial. The hearing of the anti -trust case can run for more than 6 weeks.
Argument against Zuckerberg …
- Antitrest professor Rebecca Hai Elaensworth said Zuckerberg had bought it to neutralize the competition from Instagram to Facebook.
- Zuckerberg’s conversation and their email trial can present the most concrete evidence. Zuckerberg had said that instead of competition in the market, it is better to buy that company.
Mark Zuckerberg’s argument …
- Meta argued that he would win the case, as the experience of its users increased after purchasing Instagram.
- According to the report, Meta may argue that the intention in an antitrust case is not very relevant.
