Facebook may have become meta now, but its problem is not taking its name to end. Meta has long been accused of antitrust. There are allegations against him that he is not giving other small companies a chance to survive. She does not allow her competition to grow. If Facebook sees that someone is competing with it, then it merges it with itself in some way or the other.
Now the US agency Federal Trade Commission (FTC) has got a big victory in the antitrust case. In such a situation, the FTC can drag Meta to court. The FTC wants Meta to sell its popular platforms WhatsApp and Instagram. Let us know in this news whether there can be a situation for Mark Zuckerberg's Meta to sell these apps.
The FTC got a big win out of court
The US agency FTC has got a big victory in the antitrust case. It is believed that now the FTC can drag Meta to court. The FTC wants Meta to sell two of its popular apps, WhatsApp and Instagram. The FTC is an independent agency of the US government that protects the interests of consumers.
Last year, the FTC challenged Facebook for alleged antitrust violations, but then the court rejected the FTC's argument for lack of details. Once again the FTC filed the case and this time the FTC got success. Now a federal judge, in this case, has allowed the FTC to drag META to court for antitrust violations.
FTC wants Meta to sell two of its apps
US District Judge James Bosberg has said the FTC has enough evidence. This will prove that Meta has created a monopoly in social networking. Last time the FTC didn't provide any data to prove this point. The FTC says that Meta is doing monopoly, so it should sell WhatsApp and Instagram. Judge James Bosberg also said that the FTC has more evidence against Facebook this time than last time.
Judge James Bosberg wrote that the FTC also used data from Com source this time to show that Meta has more than 70% of daily active users since 2016. In short, the FTC has done its homework well this time around. Meta had applied to the court to dismiss the FTC's lawsuit, but this time the court rejected Facebook's application. Meta would not want to sell both its social platform apps WhatsApp and Instagram.
More evidence needs to be gathered against Facebook: FTC head
The main job of the FTC is to protect the interests of consumers and to enforce civil antitrust laws. Recently, US President Joe Biden has chosen Leena Khan as the head of the FTC. 22-year-old Lena is the youngest ever FTC chairman. In the matter of antitrust, Leena is considered very strict. Leena said that this decision of the judge is very important and it is our big victory. Even then, the road ahead is not easy. We have to gather more evidence against Facebook.
The judge has given the FTC the green light by dismissing META's argument. Even after this, our path is not easy. The judge also pointed out that this fight is not going to be easy for the FTC. When Facebook bought Instagram in 2012 for $ 1 billion (about Rs 7,200 crore), it was approved by the FTC only. At the same time, in 2014, the FTC also approved the purchase of WhatsApp for $ 19 billion (about Rs 1.5 lakh crore). Now the FTC argues that Facebook intentionally bought these apps one by one. He wanted to create a monopoly by eliminating competition.
Facebook is not angry with the court's decision
The court has also dismissed some of the FTC's arguments, which Facebook is happy with. There was also an argument in this that Facebook does not give access to enough data to its competition. Facebook said in defense that this policy has been changed in 2018 itself.
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