‘I think we misunderstood’: Meta’s mega antitrust trial begins
Meta could be forced to break up its mega platforms Facebook, Instagram and WhatsApp with the start of its long-anticipated antitrust trial in the US.
Lawyers for the Federal Trade Commission (FTC) allege that Meta has an unfair advantage over rivals, following its purchase of Instagram and WhatsApp a decade ago.
“They decided that competition was too hard and it would be easier to buy out their rivals than to compete with them,” said Federal Trade Commission (FTC) lawyer Daniel Matheson.
At the heart of the trial is the question of who actually competes with the company that reaches around half the world’s population every month.