A big case has come to light on Monday in Washington, USA, in which social media giant Meta has been accused of making monopoly in the market. The hearing of this case has now started in the court. If the court verdict goes against Meta, then the company owner Mark Zuckerberg may have to sell his two biggest apps, WhatsApp and Instagram.
What is the whole matter?
In fact, META bought Instagram in 2012 for about 1 billion dollars and in 2014 for about 22 billion dollars. At that time both these deals were approved by the US Federal Trade Commission (FTC), but now FTC says that these deals were made so that the dominance of Meta in the social media market would remain and the competition would be over.
Why is FTC case?
FTC alleges that META bought Instagram and Whatsapp so that the future possible contest can be eliminated in advance. In an email presented in court, Mark Zuckerberg wrote-‘Sometimes it is better to buy instead of competing.’ FTC believes that if this shopping was not there, then the face of social media would have been something else and users would have got more options.
Meta cleaning
At the same time, it has been argued by Meta that it is not the only company who is playing in the world of social media. There are many companies like Tiktok, Snapchat and Reddit which give a tough competition to META. In such a situation, META says that she did not break any rules and the competition remains in the market even today.
Why is this matter important?
Antitrest laws are very strict in America. No company is allowed to buy its rivals and make a monopoly on the market. If the court feels that Meta has done this, then the company may be forced to separate Instagram and Whatsapp.
What if Meta loses?
If FTC succeeds in proving that Meta’s strategy was to end the competition in the market, then the court can order META to sell both apps. This decision will not only be a big shock for Mark Zuckerberg, but will also be a big indication for the entire tech industry that now governments are starting to show strictness on the arbitrariness of tech companies.
What will be the result?
It is difficult to say anything at the moment. The opinion of experts is also divided. Some believe that Meta will be able to prove its point, then some say that FTC has strong evidence. But it is so important that if the decision goes in favor of FTC, then it can bring a big change in the world of social media.
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