Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2024
  • November
  • Meta faces April trial in FTC case seeking to unwind Instagram merger
  • Business

Meta faces April trial in FTC case seeking to unwind Instagram merger

Editor November 25, 2024
2024-11-25T200158Z_2_LYNXNPEKAO0SB_RTROPTP_4_TECH-ANTITRUST-META

By Jody Godoy

NEW YORK (Reuters) – Facebook owner Meta Platforms will face trial in April over the U.S. Federal Trade Commission’s allegations that the social media platform bought Instagram and WhatsApp to crush emerging competition, a judge in Washington said on Monday.

The FTC sued in 2020, during the Trump administration, alleging the company acted illegally to maintain a monopoly on personal social networks. Meta, then known as Facebook, overpaid for Instagram in 2012 and WhatsApp in 2014 to eliminate nascent threats instead of competing on its own in the mobile ecosystem, the FTC claims.

Judge James Boasberg set trial in the case for April 14.

Boasberg earlier this month rejected Meta’s argument that the case should be dismissed as it depends on an overly narrow view of social media markets. The lawsuit does not account for competition from ByteDance’s TikTok, Alphabet’s YouTube, X, and Microsoft’s LinkedIn, Meta had argued.

Boasberg said that while the case should go forward to trial, “time and technological change pose serious challenges” to the FTC’s market definition.

“The Commission faces hard questions about whether its claims can hold up in the crucible of trial. Indeed, its positions at times strain this country’s creaking antitrust precedents to their limits,” the judge said in the Nov. 13 ruling.

(Reporting by Jody Godoy in New York; Editing by Bill Berkrot)

About the Author

Editor

Administrator

Visit Website View All Posts

Post navigation

Previous: Musk’s Neuralink to launch feasibility trial with brain implant, robotic arm
Next: Netflix defeats shareholder lawsuit over growth forecasts

Related Stories

2025-08-22T225658Z_1_LYNXMPEL7L0XW_RTROPTP_4_META-PLATFORMS-RESULTS
  • Business

Meta partners with Midjourney to license AI tech for future products

Editor August 23, 2025
2025-08-22T231059Z_1_LYNXMPEL7L0Y2_RTROPTP_4_DATABRICKS-M-A-1
  • Business

Exclusive-Databricks to buy Sequoia-backed Tecton in AI agent push 

Editor August 23, 2025
2025-08-22T172230Z_1_LYNXMPEL7L0Q4_RTROPTP_4_EU-APPLE-META-PLATFORMS-ANTITRUST-7
  • Business

Apple in talks to use Google’s Gemini AI to power revamped Siri, Bloomberg News reports

Editor August 23, 2025

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Protesters set fire to Indonesian parliament buildings in several provinces
  • Over 600 UAW workers at two GE Aerospace facilities go on strike
  • China’s support for multilateralism is vital, says UN’s Guterres
  • Protesters set fire to Indonesian parliament buildings in several provinces
  • Over 600 UAW workers at two GE Aerospace facilities go on strike

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections
  • Top News

You may have missed

2025-08-30T060335Z_1_LYNXMPEL7T03N_RTROPTP_4_INDONESIA-POLITICS-PROTESTS.JPG
  • Newsletters

Protesters set fire to Indonesian parliament buildings in several provinces

Editor August 30, 2025
2025-08-28T090437Z_2_LYNXMPEL7R04E_RTROPTP_4_FRANCE-AIRSHOW.JPG
  • Newsletters

Over 600 UAW workers at two GE Aerospace facilities go on strike

Editor August 30, 2025
2025-08-30T115235Z_1_LYNXMPEL7T062_RTROPTP_4_CHINA-SCO.JPG
  • Newsletters

China’s support for multilateralism is vital, says UN’s Guterres

Editor August 30, 2025
2025-08-30T060335Z_1_LYNXMPEL7T03N_RTROPTP_4_INDONESIA-POLITICS-PROTESTS.JPG
  • Newsletters

Protesters set fire to Indonesian parliament buildings in several provinces

Editor August 30, 2025
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com