META FIGHTS TO KEEP INSTAGRAM AND WHATSAPP, AS ANTITRUST TRIAL BEGINS

Summary from the TLDR newsletter

The FTC's antitrust case against Meta seeks to compel the company to undo its acquisitions of Instagram and WhatsApp. Meta allegedly wields an illegal monopoly in social media. The company says that the FTC's case ignores how people use technology today - Meta currently faces stiff competition from YouTube, TikTok, and other video platforms. It plans to demonstrate that competition is alive and well in the social networking industry.