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Facebook, Inc.) is an ongoing antitrust court case brought by the Federal Trade Commission (FTC) against Facebook parent company Meta Platforms. The lawsuit alleges that Meta has accumulated monopoly power via anti-competitive mergers, with the suit centering on the acquisitions of Instagram and WhatsApp. [1]
On December 8, 2020, the Federal Trade Commission, along with 46 US states (excluding Alabama, Georgia, South Carolina, and South Dakota), the District of Columbia and the territory of Guam, launched an antitrust lawsuit against Facebook. The lawsuit concerns Facebook's acquisition of two competitors - Instagram and WhatsApp - and the ensuing ...
Facebook in 2012 paid $1 billion to acquire Instagram, and in 2014 it inked a $19 billion deal for mobile messaging app WhatsApp. (The company changed its corporate name to Meta Platforms Inc. in ...
At least 33 states have filed a joint federal lawsuit in Northern California accusing the tech giant Meta — which owns Facebook, Instagram and WhatsApp — of building addictive features into ...
A total of 41 states and the District of Columbia filed suit against Meta, charging Instagram and Facebook have harmed teens and kids' mental health.
In mid September 2021, The Wall Street Journal began publishing articles on Facebook based on internal documents from unknown provenance. Revelations included reporting of special allowances on posts from high-profile users ("XCheck"), subdued responses to flagged information on human traffickers and drug cartels, a shareholder lawsuit concerning the cost of Facebook (now Meta) CEO Mark ...
Defunct. ConnectU (originally HarvardConnection) was a social networking website launched on May 21, 2004, [1] that was founded by Harvard students Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra in December 2002. [2] Users could add people as friends, send them messages, and update their personal profiles to notify friends about ...
The lawsuits come after a leak of internal documents last year showed Meta knew how harmful Facebook and Instagram could be to young users.