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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.

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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

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International

Trump says he thinks Putin is helping Iran

“I think he might be helping them a bit, yeah.”“I guess, and he probably thinks we’re helping Ukraine, right?”

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President Donald Trump on Friday said he believed that Russian leader Vladimir Putin is helping Iran in its war against the United States and Israel.

According to CNBC, Trump’s comment came in a radio interview with Fox News host Brian Kilmeade, and a week after the president lashed out at Fox News reporter Peter Doocy for asking him at the White House about reports that Russia was aiding Iran.

Kilmeade asked Trump on Friday: “You think Putin is helping them?”

Trump replied, “I think he might be helping them a bit, yeah.”“I guess, and he probably thinks we’re helping Ukraine, right?” Trump continued.

“Yeah, we’re helping them also,” Trump said, referring to Ukraine, which has been at war against Russia since being invaded in early 2022.

“So he [Putin] says that, and China would say the same thing, you know,” Trump told Kilmeade.

“It’s like, ‘Hey, they do it, and we do it, in all fairness,’ ” Trump said. “They do it, and we do it.”

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International

IEA agrees to release record 400 million barrels of oil to address Iran war supply disruptions

The IEA did not set out a timeline for when the stocks would hit the market

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Merchant ship on fire hits by Iran in Strait of Hormuz.

The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the Iran war, the largest such action in the organization’s history.

The IEA did not set out a timeline for when the stocks would hit the market.

It said that the reserves would be released over a time frame that is appropriate to the circumstances of each of its 32 member countries.

IEA members are primarily advanced economies in Europe, North America and northeast Asia. The organization is tasked with maintaining global energy security.

It was founded in 1974 in response to the oil embargo imposed by Arab producers over U.S. support for Israel during the 1973 Arab-Israeli war.

(CNBC)

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International

Iran tells world to get ready for oil at $200 a barrel as it fires on merchant ships

The war unleashed with joint U.S. and Israeli air strikes nearly two weeks ago has so far killed around 2,000 people, mostly Iranians and Lebanese, as it has spread into ‌Lebanon and thrown global energy markets and transport into chaos.

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(REUTERS): Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on Wednesday and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s.

The war unleashed with joint U.S. and Israeli air strikes nearly two weeks ago has so far killed around 2,000 people, mostly Iranians and Lebanese, as it has spread into ‌Lebanon and thrown global energy markets and transport into chaos.

Despite what the Pentagon has described as the most intense airstrikes since the start of the war, Iran also fired at Israel and targets across the Middle East on Wednesday, demonstrating it can still fight back.

On Wednesday, three vessels were reported to have been hit in Gulf waters as Iran’s Revolutionary Guards said their forces had fired on ships in the Gulf that had disobeyed their orders.

While Israel’s Defence Minister Israel Katz said the operation “will continue without any time limit, as long as required, until we achieve all objectives and win the campaign,” Trump suggested the campaign would not last much longer.

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