This week, we’re getting a peek behind the scenes at Meta and Facebook as the FTC’s antitrust trial against the company begins.
On Monday and Tuesday, Meta founder and CEO Mark Zuckerberg took the stand as the U.S. government makes its case that Zuckerberg and company run a social media monopoly. The FTC argues that “Facebook has engaged in a systematic strategy — including its 2012 acquisition of up-and-coming rival Instagram, its 2014 acquisition of the mobile messaging app WhatsApp, and the imposition of anticompetitive conditions on software developers — to eliminate threats to its monopoly.”
For its part, Meta argues that the social media space is still full of healthy competition and that the company grew Instagram and WhatsApp into what they are today.
The antitrust trial is years in the making, with the FTC originally opening the investigation in 2019 during the first Trump administration. Already, the trial has produced revelations about Meta’s history and view of the social media industry as a whole. Let’s take a look at the standout revelations from the Meta-FTC antitrust trial so far.
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