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Facebook Sought To “Neutralize” Competitive Threats, FTC Argues As Landmark Antitrust Trial Against Meta Platforms Begins
An attorney for the Federal Trade Commission told a judge Monday that Facebook, fearing the competitive threat that Instagram posed to its social media network, acquired it 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 […]
An attorney for the Federal Trade Commission told a judge Monday that Facebook, fearing the competitive threat that Instagram posed to its social media network, acquired it 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 […]
