Tuesday, January 18, 2022

The judge ruled that the attempt to split the parent company Facebook can continue

On Tuesday, a federal judge ruled that the FTC’s lawsuit, which could force Meta to sell Instagram and WhatsApp, could continue.

The lawsuit alleges that Meta, the parent company of Facebook, violated antitrust laws and engaged in “anti-competitive behavior” by buying or suppressing rival companies, especially in the case of its acquisition of Instagram and WhatsApp. The FTC argued that Meta should be restructured and possibly mandated to sell the acquired businesses.

In response to a request from Meta CEO Mark Zuckerberg to be fired, US District Judge James Boasberg said the FTC could continue with the case. Boasberg previously dismissed an earlier attempt by the FTC to take antitrust action against the social media giant, but said the second lawsuit “provided enough evidence to plausibly establish that Facebook has a monopoly power.”

<a href="https://www.huffpost.com/topic/ftc" цель="_пустой" роль="ссылка на сайт" класс=" js-вход-ссылка cet-внутренняя ссылка" данные-vars-имя-элемента ="Федеральная торговая комиссия" data-vars-item-type="текст" data-vars-unit-name ="61defaf3e4b04e9d84df179e" data-vars-unit-type ="buzz_body" data-vars-target-content-id ="https://www.huffpost.com/topic/ftc" data-vars-target-content-type ="подача" данные-vars-тип ="web_internal_link" data-vars-subunit-name="article_body" data-vars-subunit-type="компонент" data-vars-position-in-subunit ="6">Federal Trade Commission</a> urges Meta CEO Mark Zuckerberg to sell Instagram and Whatsapp. “width =” 720 “height =” 480 “src =” https://img.huffingtonpost.com/asset/61df05a7210000d0377038aa.jpeg?ops=scalefit_720_noupscale “/></picture></div>
<div class=
The FTC is urging Meta CEO Mark Zuckerberg to sell both Instagram and Whatsapp.

Aaron Bernstein via Reuters

“Ultimately, one can only guess if the FTC will be able to prove its case and win on summary and in court,” Boasberg said in the ruling. “The court refuses to engage in such speculation and simply concludes that at this stage in the rejection petition, when the FTC’s allegations are considered to be true, the agency has made a plausible claim for damages.”

In response to the ongoing lawsuit, a Meta spokesman said the company was “confident the evidence will reveal the fundamental weakness of the claims,” ​​and said its investments in Instagram and WhatsApp “made them what they are today.”

Holly Vedova, director of the Federal Trade Commission’s Competition Bureau, said in a statement that the agency “has filed a heavily amended complaint” and is awaiting trial.

Facebook was renamed Meta in October and has faced numerous political and legal challenges in recent months. In December, a number of US senators wrote to Zuckerberg regarding Meta’s role in defending democracy, including the upcoming elections, from disinformation.

Senators accused Facebook of playing a significant role in spreading “divisive, hateful and violent online activity” during the 2020 presidential election. The letter also said that “almost a quarter of Facebook users reported seeing hate speech ahead of the elections, and that more than half said they saw content that made them wary of publicly discussing political issues.”

Read the full resolution here.

var _fbPartnerID = null; if (_fbPartnerID !== null) { fbq('init', _fbPartnerID + ''); fbq('track', "PageView"); }

(function () { 'use strict'; document.addEventListener('DOMContentLoaded', function () { document.body.addEventListener('click', function(event) { fbq('track', "Click"); }); }); })(); …

Nation World News Deskhttps://nationworldnews.com
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news
- Advertisement -


Please enter your comment!
Please enter your name here