FTC v. Meta: the antitrust battle over Instagram and WhatsApp
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FTC previews evidence that Meta allegedly sought to extinguish Instagram and WhatsApp as threats.
Prior to buying those nascent apps in 2012 and 2014, Facebook recognized both as significant competition, Federal Trade Commission attorney Daniel Matheson argues to open the government’s case.
The FTC will present evidence, such as emails from CEO Mark Zuckerberg, the apps’ founders, and investors, allegedly showing that Instagram and WhatsApp would have grown without Facebook’s help, and that the company’s motive was to take potential rivals out of the market.
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