FTC Antitrust Battle Vs Meta Could Force Sale Of Instagram And WhatsApp

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Meta's Chief Legal Officer, Jennifer Newstead Meta is facing an antitrust lawsuit from the US Federal Trade Commission(FTC) that could force it to sell WhatsApp and Instagram over accusations of monopoly. The case commenced during President Trump's first term in 2020 when antitrust regulators sued Meta, accusing it of stifling competition through its purchase of WhatsApp and Instagram.While the FTC gave regulatory nods to Meta for both acquisitions, it now seeks to establish that Meta's acquisition of WhatsApp and Instagram was an illegal strategy to evade competition.Reacting to this in a blog post, Meta's chief legal officer Jennifer Newstead described...