Meta Faces Legal Challenges Over Instagram and WhatsApp Acquisitions
Meta, the parent company of Facebook, is currently grappling with significant legal troubles as the US Federal Trade Commission (FTC) intensifies scrutiny over its past acquisitions of Instagram and WhatsApp. These moves are being characterized as creating an unlawful monopoly in the social media landscape, raising crucial questions about fair competition in the digital age.
According to the FTC, Meta's acquisitions of these popular platforms were not merely strategic business decisions but rather calculated efforts to eliminate competition. This practice has allegedly stifled innovation and hindered the emergence of potential rivals in the social networking space.
