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
At least 28 killed, 25 critically injured after fire engulfs Bangkok bar
Footage posted online shows panicked customers screaming as they fled – some with their clothes on fire – through the flame-enveloped front door of Rong Beer Na Lat Phrao.
A huge fire tore through a bar in Thailand’s capital Bangkok late on Sunday, killing at least 28 people and leaving 25 critically injured, according to BBC.
The blaze started near the stage of the bar in the popular Chatuchak district, then spread rapidly, cutting power and engulfing the room with smoke, eyewitnesses say.
Footage posted online shows panicked customers screaming as they fled – some with their clothes on fire – through the flame-enveloped front door of Rong Beer Na Lat Phrao.
Firefighters, who arrived at the scene just after midnight, quickly extinguished the fire. They found the bodies of most of the victims in a bathroom, where they had apparently sought shelter.
“Most of the people who died were found in the toilets. When the fire broke out, they panicked.
There were no lights,” national police chief Kitrat Panphet said.
Kaew-udon Poungppany, 24, from Laos, fought back tears as he described trying to reach his younger brother, who did not survive.
“I grabbed a fire extinguisher and sprayed it at the door… but I couldn’t go any further. I heard people screaming,” he told journalists.
International
General Hydrocarbons Floors FBN as S’Court Sets Aside Appeal Court Ruling
…..As court Orders Return of Seized Oil Vessel
The Supreme Court has nullified the Court of Appeal’s ruling that permitted the seizure of an oil vessel belonging to General Hydrocarbons Limited (GHL) to settle a contractual dispute with First Bank of Nigeria (FBN).
In a unanimous judgment delivered on Friday, the apex court ordered the immediate return of the seized vessel and the proceeds from the sale of its contents to GHL, its rightful owner.
The Supreme Court dismissed the case instituted by FBN, declaring that the dispute was purely contractual in nature and did not qualify as a maritime matter. It therefore held that the Federal High Court lacked the jurisdiction to entertain the suit from the outset.
The apex court faulted both the trial court and the Court of Appeal for assuming jurisdiction over the matter and proceeding to determine it.
The ruling effectively ends the long-running legal battle, delivering a major victory to General Hydrocarbons Limited against the bank.
International
South Africa Anti-Immigration Peaceful Protests To Continue Weekly Till Demands Are Met
A senior reporter, Channel, Africa, Nhlanhla Mahlangu, reported that the anti-immigration protests held across several South African cities remained largely peaceful despite isolated incidents of violence and attempted looting.
The organisers of South Africa anti-immigrant protest have announced that come next week, from Thursday, every Thursday, they will be taking to the streets until the government heeds to their call and ensure that all undocumented nationals leave the country.
A senior reporter, Channel, Africa, Nhlanhla Mahlangu, reported that the anti-immigration protests held across several South African cities remained largely peaceful despite isolated incidents of violence and attempted looting.
She also revealed that organisers intend to continue with weekly demonstrations from next Thursday until their demands are met.
Mahlangu further reported that an inter-ministerial committee comprising ministers within South Africa’s security cluster commended the largely peaceful conduct of the protests while condemning isolated incidents of violence reported across the country.
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