The parent company of Facebook, Instagram, and WhatsApp, Meta has gained the patronage of judges to access information ByteDance’s TikTok, Tencent Holdings Ltd’s WeChat, and Telegram Group Inc to fortify in opposition to an antitrust lawsuit by the US Federal Trade Commission.
According to Meta, this should project that the company does not have a monopoly and also it does not need to be broken off. The US District Judge wherefore has written letters to the Chinese Ministry of Justice to secure help from the officials to get reliable evidence from Tencent and ByteDance, and also dispatched a separate letter to officials in the British Virgin Islands concerning Telegram.
The case has been filed by US Federal Trade Commission, which persistently hankers to split Meta, perhaps it wants Meta to be imploded. Even so, it shouldn’t happen in the forthcoming days. The FTC wants Meta to separate Instagram and WhatsApp from its parent company to kickstart the competition in the social media market. Meta bought Instagram and WhatsApp nearly ten years ago.
Boasberg mentioned in the written letter that he needs user data and communications or presentations to officials and board members inspecting the competition between the companies’ apps and Meta’s Facebook, Instagram, and WhatsApp platforms. Meta had replied to Boasberg that it wants data on each company’s user base and market statistics to garrison its island against the FTC’s suit.
Surprisingly, The FTC’s case was initially sloughed off by Boasberg, who told that the agency have not made anything clear and it needs to explain how it determined Facebook’s market share. The Menlo Park, California-based social media goliath had approached the judge to produce orders that would provide it to officially get evidence from outside the US.
