Source: Seattlepi

Meta: Meta faces historic antitrust trial that could force it to break off Instagram, WhatsApp

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.

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Annual Revenue
$100-1000B
Employees
50-100K
Mark Zuckerberg's photo - Chairman & CEO of Meta

Chairman & CEO

Mark Zuckerberg

CEO Approval Rating

68/100

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