FTC Takes Aim at Meta: Alleges Concealment in Instagram, WhatsApp Acquisitions

Social media giant Meta is facing a barrage of legal and regulatory woes that threaten to shake its foundation. At the center of the storm is the Federal Trade Commission (FTC), which accuses Meta of concealing vital information during the scrutiny of its acquisitions of Instagram and WhatsApp in 2012 and 2014.

Despite initial clearance, the FTC now seeks to unravel these deals, alleging Meta's anti-competitive maneuvers. Meta vehemently contests these claims, citing its substantial investments in the acquired platforms and challenging the FTC's authority.

Regulators on both sides of the Atlantic rue their past decisions, lamenting how Meta's acquisitions stifled competition, resulting in its social media dominance. This retrospective regret fuels growing skepticism towards Big Tech mergers, reflecting broader concerns about market concentration and consumer choice.

Across the pond, the Italian antitrust authority levies a €35 million fine on Meta for deceptive commercial practices related to data usage on Instagram. While seemingly insignificant in the grand scheme, this penalty underscores the increasingly blurred lines between antitrust and privacy regulations, signaling heightened scrutiny of tech giants' data practices.

Meanwhile, Meta faces internal strife as a former engineer files a lawsuit alleging discrimination and wrongful termination. The plaintiff accuses Meta of suppressing Palestinian content and conducting biased internal investigations. These allegations cast a shadow over Meta's corporate culture and add to mounting criticism of its content moderation policies.

Meta's response to these multifaceted challenges remains pivotal as it navigates choppy legal waters and public scrutiny. The company's fate hangs in the balance as it grapples with regulatory pressure, internal discord, and reputational damage.

In the court of public opinion, Meta's once-golden image tarnishes under the weight of mounting allegations and regulatory scrutiny. Whether it can weather this storm and emerge unscathed remains uncertain, but one thing is clear: Meta's future hangs in the balance as it confronts its most formidable challenges yet.

Image: DIW-Aigen

Read next: Behind the Glam: The Business of Being an Instagram Celebrity And Influencer
Previous Post Next Post