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Meta subdued smaller rivals, was willing to lose money, FTC says at US monopoly trial

By Khushita Vasant and Chris May ( April 14, 2025, 19:48 GMT | Insight) -- The US Federal Trade Commission today painted a picture of Meta Platforms as a monopolistic giant intent on squelching nascent rivals emerging as potential threats in the social media space by acquiring them while being willing to lose money just to keep the barriers to entry high for new competition. The FTC and Meta Platforms began a more than two-month-long trial in a Washington, DC, federal court today in which the government is trying to unravel the more-than-decade-old acquisitions of Instagram and WhatsApp.The US Federal Trade Commission today painted a picture of Meta Platforms as a monopolistic giant intent on squelching nascent rivals emerging as potential threats in the social media space by acquiring them while being willing to lose money just to maintain high entry barriers for new competitors....

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