Amidst high-stakes legal proceedings in Washington, new tactics for regulating digital giants are emerging. Meta Platforms $META CEO Mark Zuckerberg recently testified in a landmark trial spearheaded by the United States Federal Trade Commission (FTC). The FTC’s primary goal is to unravel Meta’s acquisitions of key assets, namely Instagram and WhatsApp, spotlighting renewed concerns over market consolidation and antitrust issues in the digital era.
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.