Meta’s $20 billion acquisitions of Instagram and WhatsApp back under fire as US government appeals loss
The Federal Trade Commission is taking another swing at Meta, filing an appeal Tuesday to challenge a November ruling that cleared the tech giant of monopoly charges. The move keeps alive the government’s years-long effort to potentially force Meta to divest Instagram and WhatsApp—acquisitions made over a decade ago for $1 billion and $19 billion respectively.
US District Judge James Boasberg had sided with Meta last year, concluding the company doesn’t hold an illegal monopoly in personal social networking.
