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Meta illegal monopoly trial: Whats at stake? Could (and should) Meta be broken up?
2025-04-23 00:45:04| Spiritual Career Counseling
Social media giant Meta, parent to popular companies like Facebook, Instagram and WhatsApp, is on the stand. The allegation: it engaged in illegal monopolisation by buying out competitors at the time Instagram (in 2012 for $1 billion) and WhatsApp (in 2014 for $19 billion) in an anticompetitive fashion, described by regulators as a buy-or-bury strategy. Whats at stake? Meta could be ordered to break off from these companies, setting up a landmark precedence in the technology sector.It was in this context that Meta CEO Mark Zuckerberg took the witness stand on Monday in the consequential trial, which was first brought to court in 2020 under US President Donald Trumps previous term, and defended against allegations that his company operates a social media monopoly.What is the Meta antitrust trial about?The case was prepared by the Federal Trade Commission (FTC) and if the regulator manages to convince a Washington court to rule in its favour, it could lead to a split up of the...
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