Antitrust case will have to lose the case in court, Facebook may have to sell WhatsApp and Instagram giant social networking company Facebook (Meta) is not taking the name of the troubles. Facebook is under threat of selling instant messaging platform WhatsApp and photo-sharing platform Instagram.
he US agency Federal Trade Commission (FTC) has got a big victory in the antitrust case against the company in the US. Court allows FTC to drag Facebook to court in antitrust case. The FTC wants Facebook to sell its popular platforms WhatsApp and Instagram. If Facebook loses the case in court, it may have to sell WhatsApp and Instagram. Last year, the FTC took Facebook to court over alleged antitrust violations. But for lack of evidence and detailed information, the court rejected the FTC’s argument. But the FTC filed the case again and this time it was successful. What’s the matter Facebook is accused of not giving other smaller companies a chance to survive and does not allow competition against itself to grow.
If Facebook sees that someone is competing with it, then it buys that company and merges it with itself. FTC has enough evidence: US District Judge James Bosberg has said that the FTC has enough evidence. This will prove that Meta has created a monopoly in social networking.