Meta to Face Trial Over FTC Antitrust Claims

Meta Platforms is set to face a significant antitrust trial following a U.S. federal judge's ruling that allows the Federal Trade Commission (FTC) to pursue allegations that the company illegally acquired Instagram and WhatsApp to suppress competition. The FTC argues that these acquisitions, made in 2012 and 2014 respectively, were intended to eliminate emerging rivals rather than foster a competitive environment. The judge dismissed some claims, including those regarding restrictions on third-party developers, but upheld the core argument that Meta's market power was enhanced through these buyouts. Meta counters that the FTC's perspective is overly narrow, failing to recognize competition from platforms like TikTok, YouTube, and LinkedIn. This case is part of a broader trend of antitrust scrutiny targeting major tech companies, with similar lawsuits filed against Amazon and Apple, and ongoing cases against Google. The outcome of this trial could significantly influence future mergers and acquisitions in the tech industry.