Meta Platforms Inc. faces a historic antitrust trial Monday that could force the tech giant to break off Instagram and WhatsApp, startups it bought more than a decade ago that have since grown into social media powerhouses. The case is also a test for the Federal Trade Commission under President Donald Trump, which filed its suit against Meta - then called Facebook - in 2020, during Trump's first term. The FTC claims Meta bought Instagram and WhatsApp to squash competition and establish an illegal monopoly in the social media market. Meta, meanwhile, says the FTC's lawsuit defies reality.
Meta is a California-based social networking company that develops technologies and hardware products helping individuals to connect, find communities, and grow businesses.