The Meta Group operates many social networks. A US court is now deciding whether the company has too much market power and must sell Instagram and WhatsApp.
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Does the Meta Group with its social networks Facebook, Instagram and WhatsApp have too much market power? A US court will soon decide that. © CFOTO/Future Publishing/Getty Images
Facebook parent company Meta has to defend itself against a possible forced sale of its Instagram and WhatsApp services. A US court allowed a lawsuit by the antitrust regulator FTC, which wants to force the company to sell the two online services because it has too much market power.
According to the authority, when taking over both services, Meta deliberately paid an excessive price in order to buy emerging competition from the market and defend its monopoly. The US company, on the other hand, considers the supervisory authority’s argument to be too superficial. It demands that competition from platforms such as YouTube, TikTok, Twitter’s successor X and LinkedIn be adequately taken into account.
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Facebook parent company Meta has to defend itself against a possible forced sale of its Instagram and WhatsApp services. A US court allowed a lawsuit by the antitrust regulator FTC, which wants to force the company to sell the two online services because it has too much market power.
According to the authority, when taking over both services, Meta deliberately paid an excessive price in order to buy emerging competition from the market and defend its monopoly. The US company, on the other hand, considers the supervisory authority’s argument to be too superficial. It demands that competition from platforms such as YouTube, TikTok, Twitter’s successor X and LinkedIn be adequately taken into account.
