The Journal.

Does Meta Have a Social Media Monopoly?

152 snips
Apr 17, 2025
Dana Mattioli, a tech investigations reporter at WSJ, dives into Meta's legal battles as Mark Zuckerberg defends the company's alleged monopolistic practices in social media. The discussion reveals the high-stakes courtroom drama surrounding the FTC's accusations and the potential breakup of Meta’s powerhouse acquisitions—Instagram and WhatsApp. Mattioli also highlights Zuckerberg's controversial attempts to mend ties with Trump and the increasing bipartisan push for tech regulation, showcasing the turbulent intersection of politics and big tech.
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INSIGHT

FTC's Monopoly Claim

  • The FTC argues Meta is a monopoly claiming it eliminates competitors by acquiring them early.
  • Meta's purchases of Instagram and WhatsApp aimed to neutralize emerging threats before they grew large.
INSIGHT

Zuckerberg's Acquisition Philosophy

  • Mark Zuckerberg believed it was better to buy competitors than compete with them.
  • This strategy led Meta to acquire Instagram and WhatsApp to control competition.
ANECDOTE

Zuckerberg Tries to Win Trump

  • After Trump survived an assassination attempt, Zuckerberg reached out praising him to mend their relationship.
  • Meta’s efforts to court Trump included donations, moderation changes, and legal settlements.
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