Uncanny Valley | WIRED Will Meta Really Have to Sell Instagram and WhatsApp?
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Apr 15, 2025 Paresh Dave, a Senior Writer at WIRED specializing in technology and business, joins to discuss the high-stakes trial between the FTC and Meta regarding the legality of its acquisitions of Instagram and WhatsApp. The conversation delves into the FTC's argument about Facebook's monopolistic practices and raises intriguing points about how the case could reshape the social media landscape. Insights into Mark Zuckerberg's testimony add a layer of drama, highlighting the courtroom battle's significance for competition and regulation in tech.
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FTC's Market Definition
- The FTC argues that Facebook holds a monopoly on "personal social networking services" in the US.
- This definition excludes platforms like TikTok and YouTube, focusing on services connecting friends and family.
Meta's Defense
- Meta argues that the FTC's market definition is too narrow.
- They claim to face competition from platforms like TikTok and that consumers haven't been harmed.
Zuckerberg's Deal Attempts
- Mark Zuckerberg reportedly attempted to avoid the trial through a last-minute deal with President Trump.
- This involved policy changes, lawsuit settlements, and even a donation to Trump's inauguration fund.