US regulators can go ahead with bid to make Facebook sell WhatsApp and Instagram

2022/01/12 22:51:00

US regulators can go ahead with bid to make Facebook sell WhatsApp and Instagram

US regulators can go ahead with bid to make Facebook sell WhatsApp and Instagram

The US Federal Trade Commission said Facebook went on an 'anticompetitive shopping spree' when it bought Instagram and WhatsApp.

In an Augustpress release, the FTC argued that Facebook went on an"anticompetitive shopping spree" and illegally acquired Instagram and WhatsApp to"maintain its monopoly."In a statement to The Times, Meta said the judge's ruling had dismissed one specific claim around Facebook cutting off rivals including Vine from data and features on its platform.

"Today's decision narrows the scope of the FTC's case by rejecting claims about our platform policies," Meta spokesman Chris Sgro told The Times."We're confident the evidence will reveal the fundamental weakness of the claims. Our investments in Instagram and WhatsApp transformed them into what they are today. They have been good for competition, and good for the people and businesses that choose to use our products," Sgro added.

Read more:
Business Insider SA🇿🇦 »

Correctional Services mum about Walus release

Correctional Services refuses to be drawn into when exactly Chris Hani’s killer, Janusz Walus will be released. Read more >>

US judge denies Prince Andrew plea to dismiss US sex case | ChannelA US judge on Wednesday denied Prince Andrew's plea to dismiss a sexual assault lawsuit brought against him, paving the way for the case to proceed, a court filing showed.

US judge denies Prince Andrew plea to dismiss US sex caseAndrew's lawyers had last week urged Kaplan to throw out the suit, citing a settlement that Giuffre signed in 2009 with late disgraced financier Jeffrey Epstein.

World stocks lift ahead of Jerome Powell’s US Senate appearanceMarkets are hoping for clues to the timing of expected policy tightening Investing with williamchurch09 has brought my family so much joy, I've received R25,500 from my little funds i invested and I'm grateful, i advice everyone to invest with 👇👇👇👇 williamchurch09

US judge rejects Prince Andrew’s bid to dismiss sex abuse caseVirginia Giuffre’s lawsuit against the Duke of York stays on track for a trial that could begin later in 2022 For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about williamchurch09 it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done.

'Ms Sisulu has insulted us': Zondo takes a swipe at minister for insulting the judiciaryActing chief justice Raymond Zondo has seemingly called on President Cyril Ramaphosa to take action against tourism minister Lindiwe Sisulu for 'insulting the judiciary'. He is not God he can be insulted, we are going silenced by thus zondo If the shoe fits the should wear it And people still dont believe the judiciary is captured This is clear for all of us to see

MIKE DOLAN: ECB may surprise US Fed to win race to pre-Covid-19 settingsThat is despite fewer labour market distortions feeding wages, less exchange rate weakness on import prices and less concern over equity valuations

reported Boasberg said the facts provided by the FTC this time round were"far more robust and detailed than before, particularly in regard to the contours of defendant's alleged monopoly.Prince Andrew has failed in his bid to get a civil case dismissed, which alleges he sexually assaulted Virginia Giuffre.Competitions WORLD ","category_class":"child-of-news","time_ago":"1 min ago","premium":false,"gallery":false,"excerpt":"Andrew\u0027s lawyers\u00a0had last week urged Kaplan to throw out the suit, citing a settlement that Giuffre signed in 2009 with late disgraced financier Jeffrey Epstein.11 January 2022 - 13:08 Karin Strohecker and Sujata Rao Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US on January 10 2022.

" In an August press release , the FTC argued that Facebook went on an"anticompetitive shopping spree" and illegally acquired Instagram and WhatsApp to"maintain its monopoly." In a statement to The Times, Meta said the judge's ruling had dismissed one specific claim around Facebook cutting off rivals including Vine from data and features on its platform. New York Judge Lewis Kaplan said in his ruling that the British royal's motion to dismiss the complaint brought by accuser Virginia Giuffre was"denied in all respects. "Today's decision narrows the scope of the FTC's case by rejecting claims about our platform policies," Meta spokesman Chris Sgro told The Times.co. "We're confident the evidence will reveal the fundamental weakness of the claims. We live in a world where facts and fiction get blurred In times of uncertainty you need journalism you can trust. Our investments in Instagram and WhatsApp transformed them into what they are today.2% up to 742.

They have been good for competition, and good for the people and businesses that choose to use our products," Sgro added. Journalism strengthens democracy.co. Meta did not immediately respond when contacted by Insider. Get the best of our site ..