New Delhi
Meta, a parent company of social media platforms Facebook, WhatsApp and Instagram, may have to sell two platforms and Instagram. The reason for this is the hearing of the antitrust case against the company in Washington, USA.
The US Competition and Consumer Watch Dog has accused the company that it bought Instagram ($ 1 billion) in 2012 and WhatsApp ($ 22 billion) in 2012 to end competition in the market and make its monopoly.
If the FTC wins the case, you may have to sell the platforms
The Federal Trade Commission (FTC) itself allowed to buy WhatsApp and Instagram. But under the rules, FTC also has to monitor the results of the deal.
So he had to file a case against Meta. If (FTC) wins the case, he can force Meta CEO Mark Zuckerberg to sell both Instagram and WhatsApp.
Zuckerberg and former COO can be called for questioning
According to the report, both Zuckerberg and former Chief Operating Officer (COO) of the company Sheryl Sandberg can be called for questioning during the hearing in the case. The hearing of the anti-trust case can last for more than 6 weeks.
Arguments against Zuckerberg…
Antitrest professor Rebecca Ho Elanceworth said that Zuckerberg bought Instagram to neutralize the competition from Facebook.
Zuckerberg’s conversation and their emails can be the most concrete evidence in this case. Zuckerberg had said that it is better to buy that company instead of competing in the market.
Mark Zuckerberg’s argument…
Meta argued that she would win the case as the experience of its users has improved after purchasing Instagram. According to the report, Meta can argue that the intention in the antitrust case is not very relevant.
