Meta defended itself in the antitrust lawsuit filed by the US Federal Trade Commission. The company argued that the WhatsApp and Instagram acquisitions did not put the company in a monopoly position.
US Federal Trade Commission (FTCNew news continues to come from the antitrust lawsuit filed by ) against Meta. In his defense to the court, Meta made statements about the acquisition of WhatsApp and Instagram. The company made these acquisitions there is no monopoly defended.
According to Meta’s defense, the acquisition of WhatsApp and Instagram did not put the company in a monopoly position. Because despite these acquisitions, it continues to work with many platforms such as TikTok, Snapchat, X and YouTube. competition continues. Moreover, according to Meta, the acquisition of Instagram and WhatsApp, for the benefit of the consumer happened.
“We spent billions of dollars to create safer channels”
Another point that Meta puts forward to make it accepted that there is no monopoly in the internet world is that platforms pertaining to the structure. Meta officials to make Instagram and WhatsApp more secure billions of dollars They say they spent it. Additionally, “millions of hours” were spent on it.
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The investigation carried out in the USA has gained a new dimension with this defense. Now the FTC is trying to prove that Meta has become a monopoly. will present their own evidence. The court will make a decision on the issue after reviewing the evidence presented by the FTC. Let’s see how much it costs to buy Meta, WhatsApp and Instagram How will you pay?.
Source :
https://www.phonearena.com/news/meta-instagram-whatsapp-acquisition-monopolistic_id157054