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Home / Business and Economy / FTC Appeals Meta Antitrust Loss: Fight for Fair Competition Continues

FTC Appeals Meta Antitrust Loss: Fight for Fair Competition Continues

21 Jan

•

Summary

  • FTC will appeal its loss in a landmark antitrust case against Meta.
  • A judge ruled the government failed to prove Meta's illegal social networking monopoly.
  • The agency argues Meta bought emerging rivals like Instagram and WhatsApp to maintain dominance.
FTC Appeals Meta Antitrust Loss: Fight for Fair Competition Continues

The Federal Trade Commission (FTC) has declared its intention to appeal a significant antitrust case loss against Meta. This decision follows a ruling in November where a US District Court Judge found the government failed to demonstrate Meta's illegal monopoly in personal social networking.

The FTC's appeal to the US Court of Appeals in DC argues that evidence presented during a six-week trial supports its case. The agency specifically contends Meta maintained its market dominance, which it defines as including services like Snapchat, by acquiring nascent threats. These acquisitions, notably Instagram and WhatsApp, allegedly prevented genuine competition.

According to the FTC, Meta's dominant position allows it to reduce service quality without consumer recourse. The Bureau of Competition Director stated the agency will continue this historic fight to ensure fair competition benefits American businesses and consumers.

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Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
The FTC is appealing because it believes the evidence from the trial proves Meta maintained an illegal monopoly by acquiring competitors.
A judge ruled in November that the FTC failed to prove Meta held an illegal monopoly in the personal social networking market.
The FTC alleges Meta has maintained its dominant position by acquiring emerging competitors like Instagram and WhatsApp.

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