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Meta faces landmark US antitrust trial that could force it to sell Instagram

Channel News Asia LogoChannel News Asia1d ago

Meta faces landmark US antitrust trial that could force it to sell Instagram - Channel News Asia

Quick Summary:

WASHINGTON: Facebook parent Meta Platforms faces a high-stakes trial in Washington starting on Monday (Apr 14) on claims it built an illegal social media monopoly by spending billions of dollars to acquire Instagram and WhatsApp, in a case where US antitrust enforcers seek to unwind the deals.

The FTC seeks to force Meta to restructure or sell parts of its business, including Instagram and WhatsApp.

WhatsApp to date has contributed only a sliver to Meta's total revenue, but it is the company's biggest app in terms of daily users and ramping up efforts to earn money off tools like chatbots.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-14 @ 18:14:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 858 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27863912

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 50 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 46 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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The story "Meta faces landmark US antitrust trial that could force it to sell Instagram" was covered 1 days ago by Channel News Asia, a news publisher based in Singapore.

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  • News ID: #27863912
  • URL: https://chronographically.beamstart.com/news/meta-faces-landmark-us-antitrust-17446330546389

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