As the Federal Trade Commission prepares to face off against Meta Platforms, Inc. (NASDAQ:META) in a landmark antitrust case, all eyes are on U.S. District Judge James Boasberg — a figure with a history of high-stakes rulings and headline-making decisions.
What Happened: On Monday, Boasberg will preside over a trial that could reshape the tech industry. The FTC has alleged that Meta used its acquisitions of Instagram and WhatsApp to cement an illegal social media monopoly.
If the agency succeeds, it could lead to the forced breakup of one of the world’s most valuable companies — a $1.37 trillion corporate empire.
A Meta spokesperson pushed back against the FTC’s lawsuit, saying it paints an inaccurate picture of Facebook as a monopoly while ignoring key rivals in the social media space.
They underscored that Instagram, Facebook, and WhatsApp face strong competition from several other platforms like ByteDance-owned TikTok, YouTube by Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, and Apple Inc.’s …Full story available on Benzinga.com