In Washington, a pivotal antitrust trial is set to commence on Monday involving Meta Platforms, the parent company of Facebook. The case centers on allegations that Meta established an illegal monopoly in the social media landscape by spending billions on acquiring Instagram and WhatsApp. U.S. federal antitrust regulators are seeking the unwinding of these deals.
Recent developments have once again confirmed that the US Federal Trade Commission (FTC) is fully prepared to proceed with its lawsuit against Amazon. This significant announcement underscores the agency’s steadfast commitment to enforcing consumer protection laws and regulating market practices on global financial markets.