14.04.2025 16:42
It has been reported that social media giants WhatsApp and Instagram may be put up for sale. If a ruling against Meta is issued in the antitrust case, the sale of the two social media giants could take place.
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The antitrust case alleging that Meta has created a monopoly by acquiring Instagram and WhatsApp begins today in Washington. The Federal Trade Commission (FTC) claims that Meta, the owner of Facebook, effectively established a monopoly by purchasing Instagram in 2012 and WhatsApp in 2014 with the aim of eliminating competition.
Zuckerberg and the company's former Chief Operating Officer, Sheryl Sandberg, are expected to testify in a hearing that could last several weeks.
TWO SOCIAL MEDIA GIANTS MAY BE FORCED TO SELL
If the FTC wins the case, Meta CEO Mark Zuckerberg may be forced to sell both Instagram and WhatsApp. The Federal Trade Commission had filed a lawsuit in 2020, claiming that Meta acted illegally to maintain its monopoly over social media when it purchased Instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014. The FTC alleged that Meta overpaid for these acquisitions. In April, Meta requested a federal judge to dismiss the FTC's case before a hearing took place. It was then reported that at the beginning of April, Zuckerberg discussed the terms of a potential settlement regarding the antitrust case with U.S. President Donald Trump.
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