Meta will face antitrust trial over Instagram, WhatsApp acquisitions
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Meta Platforms is set to face an antitrust trial following a U.S. Federal Trade Commission lawsuit. The lawsuit claims Meta acquired Instagram and WhatsApp to eliminate competition in the social media space.
November 13, 2024 | 2:45 pm
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Meta Platforms is facing an antitrust trial due to FTC allegations that its acquisitions of Instagram and WhatsApp were intended to suppress competition.
The antitrust trial could lead to significant legal and financial consequences for Meta, potentially affecting its stock price negatively in the short term. The trial's outcome could impact Meta's business operations and market strategy.
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