3,882
edits
Meta Platforms:Regulatory Environment: Difference between revisions
Meta Platforms:Regulatory Environment (view source)
Revision as of 18:33, 22 July 2024
, 22 July 2024→Meta Case
| Line 84: | Line 84: | ||
=== <big>Meta Case</big> === | === <big>Meta Case</big> === | ||
Timeframe: https://www.economicliberties.us/ftc-v-facebook/ | |||
* Filing Date: The lawsuit was filed on December 8, 2020 (amended August 2021), by the FTC along with 46 states, the District of Columbia, and the territory of Guam.<ref>https://www.ftc.gov/system/files/documents/cases/ecf_75-1_ftc_v_facebook_public_redacted_fac.pdf</ref> | * Filing Date: The lawsuit was filed on December 8, 2020 (amended August 2021), by the FTC along with 46 states, the District of Columbia, and the territory of Guam.<ref>https://www.ftc.gov/system/files/documents/cases/ecf_75-1_ftc_v_facebook_public_redacted_fac.pdf</ref> | ||
* Allegations: The FTC alleges that Meta has established a monopoly in the social media market by acquiring potential competitors Instagram (for $1 billion in 2012) and WhatsApp (for $19 billion in 2014). The FTC argues that these acquisitions were part of a systematic strategy to eliminate threats to Meta's monopoly power, depriving consumers of alternative social media platforms that could have fostered competition. | * Allegations: The FTC alleges that Meta has established a monopoly in the social media market by acquiring potential competitors Instagram (for $1 billion in 2012) and WhatsApp (for $19 billion in 2014). The FTC argues that these acquisitions were part of a systematic strategy to eliminate threats to Meta's monopoly power, depriving consumers of alternative social media platforms that could have fostered competition. | ||