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Meta Attorney Blasts FTC’s Antitrust Case As “At War With The Facts And At War With The Law”, Says It Ignores TikTok’s Competitive Influence – Update
A Landmark Antitrust Trial Opened On Monday.
An attorney for the Federal Trade Commission told a judge that Facebook, fearing the competitive threat of Instagram posted to their social media network, acquired both as a way to “neutralize” the rival. “They decided that competition was too hard,” the FTC’s attorney, Daniel Matheson, said in his opening statement in the government’s antitrust case against the Meta Platforms social media empire. The Federal Trade Commission sued Meta in 2020, during Donald Trump ‘s first term, claiming that the social media giant had sought to maintain its dominance at a time when mobile and cloud computing posed a new threat to Facebook’s business.
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