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Meta says US FTC 'gerrymandered a fictitious market' in monopoly suit

( April 14, 2025, 12:57 GMT | Official Statement) -- MLex Summary: Meta Platforms says the US Federal Trade Commission's monopolization lawsuit has "gerrymandered a fictitious market" in which Facebook and Instagram compete only with Snapchat and an app called MeWe. In a blog post ahead of a two-month trial starting today, Meta said it operates in a dynamic and hypercompetitive space where users spend longer on TikTok and YouTube than on either Facebook or Instagram. Adding those two into the FTC’s social-media market definition gives Meta less than 30 percent market share, it said. "For the FTC to win this case, they need to prove both that Meta has a dominant share in a properly defined product market that includes all competitors, and that the two acquisitions harmed competition and consumers. They are wrong on both claims," the company said.Statement follows....

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