If the court finds commodity* guilty, the company may be obliged to sell these platforms, which will be the largest antitröst work in the US history.
Mark Zuckerberg, defending the strategy of the company in court personally spoke in court. He said that the purchases helped to grow Instagram* and WhatsApp* and benefit users. However, the Federal Trade Commission (FTC) believes that Meta* is used to suppress competitors, including Snapchat and strengthen the monopoly in social networks.
The case may change the view of the technological industry. Instagram*and WhatsApp, the main assets of Meta*, will weaken the position of the company, which constitutes an important part of the global social networks market. The hearing also reflects the increasing pressure on large technological companies in the United States and Europe, where laws against monopolies are bored. The proceedings are expected to take months and the court decision will become a precedent for future cases.
*It belongs to the Meta, known and forbidden in the Russian Federation.
Source: Ferra
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