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Meta's FTC Trial: Is Instagram for Friends or Entertainment?

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The FTC wants to prove Meta has a monopoly over personal social networking, so it wouldn't view video app TikTok as a competitor.
The article from TechRepublic discusses the Federal Trade Commission's (FTC) lawsuit against Meta, formerly known as Facebook, alleging that the company has engaged in monopolistic practices. The FTC claims that Meta has used its dominant position in the social media market to unfairly disadvantage competitors and has engaged in anticompetitive acquisitions, such as the purchases of Instagram and WhatsApp. The lawsuit seeks to break up Meta and impose restrictions on its future business practices. Meta has denied the allegations, arguing that it faces significant competition and that its acquisitions have been beneficial to consumers. The outcome of this trial could have significant implications for the tech industry and antitrust regulation.

Read the Full TechRepublic Article at:
[ https://www.techrepublic.com/article/news-meta-ftc-monopoly-trial/ ]