International
Zuckerberg’s Meta Faces Competition Lawsuit in U.S.
The trial will extend until July 2025. If the FTC wins this first phase, a second and even tougher stage would begin, aiming to argue that forcing Meta to sell Instagram and WhatsApp would directly benefit competition and consumers.
Zuckerberg is back in the news, this time not to announce the purchase of another company, but quite the opposite.
Union Rayo, reported that this time, Zuckerberg has had to defend himself in a trial that could redefine the history of digital business.
The U.S. Federal Trade Commission (FTC) has taken Meta (the parent company led by the mogul) to court, accusing them of eliminating competition through “killer acquisitions” (buying the competition to shut it down).
That’s exactly the case here, and Zuckerberg might have to say goodbye to his last two purchases: WhatsApp and Instagram. How legal is it to buy your competitors so they won’t outshine you? That’s for a judge to decide.
This trial has been open since April 14, and it has revealed some incredible facts, such as that the purchase of those last two social networks, WhatsApp (one billion dollars) and Instagram (19 billion dollars), could be an illegal strategy.
On the stand, Zuckerberg himself admitted that Facebook is no longer used to connect with family and friends. Want to know more about what’s happening to Meta? We’ll tell you below.
“Facebook no longer serves its original purpose”
During his testimony, Zuckerberg admitted that the social network that made him a billionaire is no longer what it used to be.
Today, he explained, Meta is no longer about personal relationships.
Meta is focused on content, discovering viral trends, and following global conversations.
He said it himself: what used to be a platform to share pictures of your cat with distant relatives or childhood classmates is now a showcase where the algorithm is in charge.
Justifying the most controversial acquisitions
The trial also focused (a lot) on Meta’s two most controversial acquisitions: Instagram (in 2012) and WhatsApp (in 2014). Zuckerberg defended both decisions.
He said those platforms wouldn’t have survived without Meta’s investment, and now they’re essential tools for billions of people. Basically, his argument was: “We didn’t destroy them, we made them bigger”
The FTC’s accusations: a strategy to eliminate competition?
In search of a solo reign? Of course, the FTC didn’t see it that way at all.
During the trial, internal emails were shown where Zuckerberg described Instagram as a “terrifying threat” that had to be neutralized “at all costs”.
A rejected 6 billion dollar offer for Snap in 2013 was also revealed, which, according to prosecutors, proves a systematic policy of eliminating rivals.
Was it then a strategy to get rid of the competition? Naturally, the ghost of monopoly is hanging over them, since they have 2 billion direct users between WhatsApp and Instagram alone, with these two companies generating more than half of Meta’s advertising revenue.
“We are not a monopoly”
Meta insists it’s not acting alone. Platforms like TikTok, Reddit, YouTube and X (formerly Twitter) are cited as direct competition.
The company also reminds everyone that all of its acquisitions were legally approved at the time. And of course, undoing them now would just be changing the rules of the tech game.
What’s coming: a battle
The trial will extend until July 2025. If the FTC wins this first phase, a second and even tougher stage would begin, aiming to argue that forcing Meta to sell Instagram and WhatsApp would directly benefit competition and consumers.
What’s at stake?
Basically, the future of how large digital platforms work.
If Meta loses, it wouldn’t be surprising if other giants like Google or Amazon start facing similar lawsuits.
Pressure against big tech isn’t new, but this time, the one on the ropes is Zuckerberg. And this time, there’s no “like” button to save him
International
China’s Foreign Minister visits four African countries on annual tour
Beijing has sent hundreds of thousands of workers and engineers to the continent and gained strategic access to its vast mineral riches, including copper, gold and lithium.
China’s top diplomat kicks off a New Year trip to Africa on Wednesday, the foreign ministry said, seeking to boost trade on a four-country circuit that includes several recent political hotspots.
Foreign Minister Wang Yi’s tour of the continent’s east and south will take him to Ethiopia, Somalia, Tanzania and Lesotho, concluding on Monday, the ministry said in a statement.
The visits are in keeping with the Chinese diplomatic convention of recent decades, whereby the foreign minister’s first overseas trip of the year is to Africa.
The current tour “aims to deepen political mutual trust with all parties… (and) strengthen exchanges and mutual learning”, foreign ministry spokeswoman Mao Ning said Wednesday at a regular news conference.
China is Africa’s top business partner, with trade reaching $296 billion in 2024, according to Chinese state media.
Beijing has sent hundreds of thousands of workers and engineers to the continent and gained strategic access to its vast mineral riches, including copper, gold and lithium.
International
Trump Announces Venezuela to Turn Over Up to 50 Million Barrels of Oil to United States
U.S. President Donald Trump announced on Tuesday that interim authorities in Venezuela will turn over between 30 and 50 million barrels of high-quality sanctioned oil to the United States, following the recent U.S. military operation that removed Venezuelan leader Nicolás Maduro from power.
In a post on Truth Social, Trump stated: “I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 Million Barrels of High Quality, Sanctioned Oil, to the United States of America.
This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!
“The president added that he has directed Energy Secretary Chris Wright to execute the plan immediately, with the oil to be transported via storage ships directly to U.S. unloading docks.
The announcement comes amid ongoing developments in Venezuela, where the oil—previously held in storage due to U.S. sanctions—is estimated to be worth up to $2.8 billion at current market prices around $56 per barrel.
Analysts note that this volume represents a modest addition to global supply but could divert exports previously destined for China.U.S. crude futures dipped slightly following the news, closing lower by about 1.3%. Major U.S. oil companies, including Chevron, ExxonMobil, and ConocoPhillips, are reportedly monitoring the situation, with meetings planned between industry representatives and the administration to discuss future investments in Venezuela’s vast oil reserves.
The deal marks a significant step in Trump’s stated goal of revitalizing Venezuela’s oil sector, which holds the world’s largest proven reserves but has seen production decline sharply in recent years due to sanctions, underinvestment, and mismanagement.
International
Nicolas Maduro, wife plead not guilty in New York court
Maduro, 63, told a federal judge in Manhattan that he had been “kidnapped” from Venezuela and said, “I’m innocent, I’m not guilty; I’m still the president of my country.”
Deposed Venezuelan president Nicolas Maduro pleaded not guilty to charges of narco-terrorism in a New York court on Monday, two days after being snatched by US forces in a stunning raid on his home in Caracas.
Maduro, 63, told a federal judge in Manhattan that he had been “kidnapped” from Venezuela and said, “I’m innocent, I’m not guilty; I’m still the president of my country.”
Maduro’s wife Cilia Flores likewise pleaded not guilty.
The pair were snatched by US commandos in the early hours of Saturday in an assault backed by warplanes and a heavy naval deployment.
(AFP)
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