Meta Antitrust ‌Trial Ends; Judge to rule on ‌Social ⁢Networking Monopoly

Closing arguments concluded in the Federal Trade Commission’s antitrust case against Meta⁢ Platforms, potentially forcing the tech giant to relinquish control of​ Instagram and WhatsApp. Judge ⁣James E. Boasberg will⁤ decide if Meta illegally maintained​ a social networking monopoly by acquiring competitors.

The FTC argues that ‌Meta, facing ⁤rising competition, opted to‌ buy out rivals ⁤rather ‌than⁤ compete. The agency points ⁤to internal communications where Meta executives discussed the strategic advantages of acquiring potential threats. The antitrust trial, which⁢ included testimony from Meta⁤ CEO Mark zuckerberg, spanned six weeks and featured ⁢38 witnesses.

Meta contends that platforms like TikTok and ‍YouTube provide considerable⁢ competition,‍ as users seek entertainment, not just social ‌connections. The FTC,though,defines the relevant market more narrowly,focusing on apps ‍primarily used for social connection,such as Snapchat.

The definition of the market will likely determine the outcome. Judge Boasberg has indicated the ​case hinges on this point.⁣ A ruling in favor‍ of‍ the FTC could trigger the most meaningful⁤ regulatory action against a tech company as the Microsoft case of the 1990s.

What’s next

Judge Boasberg plans to issue a ruling “expeditiously.” ⁤The losing party is expected ⁢to⁣ appeal.