US Federal Trade Commission (FTC) unite Antitrest against META on Monday was convicted of an illegal monopoly allegedly charged.
Meta CEO Mark Zuckerberg took the support On Monday, in the US District Court as a first witness in court in the district of Columbia. FTC claims to be a monopoly in the “Private Social Network” market after receiving competitors, including Instagram $ 1 billion In 2012 and for WhatsApp $ 19 billion In 2014.
Zuckerberg, in 2011, “quickly grew up” and in 2012, he encountered another e-mail sent by “To catch the” to catch “Instagram.”
Emails “Integration, who recognized and sacrifice a billion dollars, because meta competition could not meet this threat,” said FTC’s leading lawyer Daniel Matheson It was claimed to be in court.
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Zuckerberg said that Monday, Emails are “relatively early” discussions about getting instagram and buy Instagram For camera technologynot for the social network.
Meta CEO Mark Zuckerberg. Andrew Harnik / Getty Images by Figure
Zuckerberg is expected to pass again on Tuesday. FTC, the head of the instagram, Mosseri and former Meta General Operator Sheryl Sandberg plans to call on the stand in the coming weeks.
The trial may be extended to two months.
Why is Meta in court?
Ftc claims It violated the law of competition by obtaining meta, instagram and WhatsApp and has made an effort to minimize the competition and maintain the power of the acquisitions. The Government accused Meta’s illegal “purchase or burial strategy”, as with rivals or by instagram or with an instagram, or by Snapchat.
Meta reflection When these antitrust regulators have taken place, they reviewed the purchase of WhatsApp and Instagram and reviewed their claims, and “they allowed the transactions correctly to advance because they did not threaten the competition.”
Meta’s social media offers are free to use, so FTC will not be able to show that the alleged monopoly is the alleged monopoly results in higher prices. Instead of the agency, Instagram and WhatsApp will demonstrate that the purchases of the purchases and damage to consumers with less privacy protection Policy.
If FTC, Instagram and WhatsApp successfully persuaded the court, the Court can force the meter to leave each other and sell Instagram and WhatsApp. Meta is currently worth 1.3 trillion dollars.
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What do experts say about Meta test?
Laura Phillips-Sawyer, Professor of Business Law at the University of Georgia, tell BBC In this case, there are strong competitors in a personal network space such as META, Snapchat for FTC “true rise fight”.
Instagram would be a spinofofofoff, “painful” for meta and the company’s advertising revenues, CBS News General Technological Correspondent Jo Ling Kent declared Monday.
Gene Kimmelman is an old authorized authority in the Justice section New York Times “Antitrest laws of this case will be a” critical test “for” combinations can be opened. “
