Facebook acquired Instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014 – both deals approved by President Barack Obama’s FTC.

At the time, Facebook struggled to adapt its service for mobile devices, the FTC says. The FTC seeks to force Meta to restructure or sell parts of its business including Instagram and WhatsApp.

The FTC alleges that the company formerly known as Facebook has maintained an illegal monopoly over the social media marketplace. Specifically, the feds say that the company overpaid to acquire ...

What's this MeWe that the FTC says is a competitor to Facebook? I cover tech, and I'd never heard of it. So I downloaded it and tried it for myself.

The FTC had alleged Facebook engaged in a "systematic strategy" to eliminate its competition, including by purchasing smaller up-and-coming rivals like Instagram in 2012 and WhatsApp in 2014.

The FTC had charged that the social network told people they could keep the information they share private and then allowed for it to be made public. The charges go back to 2009.

Starting the Federal Trade Commission (FTC) antitrust trial Monday with a bang, Daniel Matheson, the FTC's lead litigator, flagged a "smoking gun"—a 2012 email where Mark Zuckerberg suggested ...

The FTC’s lead attorney Dan Matheson is driving home the point that Meta knows that people want to see posts from their friends when they come to Facebook, by looking at a 2021 internal ...

The FTC, which initially filed its lawsuit in December 2020, defines Meta's market, in particular Facebook, as "personal social networking," where users primarily engage with their real-world ...