Tech Daily Report

Meta vs the FTC: Meta claims WhatsApp and Insta acquisition wasn't monopolistic

  • 📰 PhoneArena
  • ⏱ Reading Time:
  • 29 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 59%

Apps News

Vs

Izzy, a tech enthusiast and a key part of the PhoneArena team, specializes in delivering the latest mobile tech news and finding the best tech deals. Her interests extend to cybersecurity, phone design innovations, and camera capabilities.

Meta and the FTC are currently in a legal fight over whether or not Meta acquiring WhatsApp and Instagram was a monopolistic move. The FTC claims that the practice was indeed monopolistic, but Meta is trying to dismiss this claim,In the ongoing legal battle, Meta claims that Instagram and WhatsApp's acquisition was to the benefit of consumers. The company has now filed a motion for summary judgment in its lawsuit against the US FTC.

The second point Meta makes is that its acquisition of WhatsApp and Instagram has benefited consumers. As the company claims, it has spent"billions of dollars" and invested"millions of hours" to make both these apps better, more reliable, and more secure. Meta claims that in the FTC complaint, the market definitions are"unreasonably narrow". It seems like the FTC has excluded platforms like TikTok and YouTube from the market it is focusing on. The market instead only includes Facebook, Insta, Snapchat, and MeWe, claims Meta.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 322. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meta Platforms rejects FTC attempt to amend privacy settlementMeta Platforms has rejected the U.S. Federal Trade Commission's attempt to amend a 2020 privacy settlement. The company voluntarily disclosed two technical errors related to its Messenger Kids app to the agency. Meta spent $5.5 billion on its privacy program and related initiatives. The FTC wants to tighten the existing settlement, which bans profiting from minors' data and expands curbs on facial recognition technology.
Source: Investingcom - 🏆 450. / 53 Read more »