Connect with us

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.

Published

on

302 Views

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crime

Trump targets anti-Christian violence with new visa crackdown policy on Nigerians

Published

on

38 Views

The Trump administration is rolling out a new visa-restriction policy in response to a wave of brutal anti-Christian attacks in Nigeria, targeting those accused of orchestrating religious violence against Christians in the West African nation and around the world.

Secretary of State Marco Rubio announced Wednesday that a new policy in the Immigration and Nationality Act will allow the State Department to deny visas to those “who have directed, authorized, significantly supported, participated in, or carried out violations of religious freedom.” Immediate family members may also face visa restrictions in some cases.

“The United States is taking decisive action in response to the mass killings and violence against Christians by radical Islamic terrorists, Fulani ethnic militias, and other violent actors in Nigeria and beyond,” Rubio said in the statement.

The move follows a surge of attacks on Christians and Christian institutions in Nigeria. Last month, gunmen stormed the Christ Apostolic Church in Eruku, Kwara State, killing two people and kidnapping dozens. The 38 abducted worshipers were freed nearly a week later.

Days later, armed attackers raided St. Mary’s School in Niger State, abducting more than 300 students and staff. School officials said 50 students aged 10 to 18 escaped in the following days, but 253 students and 12 teachers remain captive.

The violence prompted President Donald Trump to designate Nigeria a “country of particular concern,” though the Nigerian government disputes the U.S. assessment.

“I’m really angry about it,” the president told Fox News Radio last month. “What’s happening in Nigeria is a disgrace.”

Rubio said the new visa restrictions will apply to Nigeria and to any other governments or individuals involved in violating religious freedom.

Echoing Trump’s warning, Rubio said: “As President Trump made clear, the ‘United States cannot stand by while such atrocities are happening in Nigeria, and numerous other countries.’”

Continue Reading

International

Death toll in Hong Kong fire rises to 44 with 279 still missing, authorities say

Hong Kong authorities say the fires in four of the buildings have been brought under control, but large plumes of smoke are still hanging over the residential estate.

Published

on

By

65 Views

Photo: AFP

At least 44 people have been killed so far in a major fire engulfing public housing apartments in Hong Kong’s Tai Po district, with 279 people not accounted for.

Three construction company executives have been arrested on suspicion of manslaughter connected to flammable materials, including mesh and plastic sheets, that may have allowed the fire to spread quickly.

More than 800 firefighters are tackling the blaze at Wang Fuk Court, which has been burning for over 18 hours.

The fire has been classified a level five blaze, the most serious level in Hong Kong.

A baby and an elderly woman were rescued during a late-night rescue, local media reports.

Hong Kong authorities say the fires in four of the buildings have been brought under control, but large plumes of smoke are still hanging over the residential estate.

I can smell it in the air. I can also see a number of small fires still burning in the apartment blocks.

Even more fire engines and an ambulance have arrived this morning to help with rescue efforts

BBC.

Continue Reading

International

BREAKING: Indian fighter jet crashes at Dubai airshow

Published

on

By

114 Views

An Indian fighter jet has crashed while performing a display at an airshow in Dubai, officials have said.

Details later.

Continue Reading

Trending