Meta is facing an antitrust trial. Due to this trial, the company may have to lose hands with Instagram and Whatsapp. Meta has been facing many allegations. The case began in 2020 during the tenure of US President Donald Trump. During that time, the Federal Trade Commission (FTC) accused META that it had done it with the intention of ending the competition between Instagram and WhatsApp and keeping social media in its monopoly.
META bought Instagram- Facebook startups 10 years ago. Mark Company’s largest business pillars emerge.
Will Mark wash hands from Instagram and Whatsapp?
If the court decides against Meta, then the company may have to separate Instagram and Whatsapp. Which will affect Meta’s earnings. According to the report, by 2025, Instagram is going to be a source of 50.5 percent ad revonue of META in America alone.
Today, many more big platforms like Tiktok, Snapchat, YouTube are available in the social media market. Which would be challenging to prove the monopoly of Meta for FTC. This case can prove to be a big step not only for META, but for the entire tech industry. Apart from meta, Google and Amazon are also facing antitrust cases.
What is Mark Zuckerberg’s planning
According to FTC, Mark Zuckerberg’s planning is that he likes to buy to eliminate competition. Mark bought companies with this mind set that could have become a threat to them. With this planning, first Instagram was purchased and then whatsapp was purchased.
According to FTC, Facebook bought new companies which could have become its competition in the future. However, Instagram, WhatsApp, Facebook together give strong competition to platforms like Tiktok, YouTube, IMESSAGE and X.