Meta faces the FTC as blockbuster antitrust trial kicks off

In this article META Follow your favorite stocks CREATE FREE ACCOUNT Mark Zuckerberg, CEO of Meta Drew Angerer | Afp | Getty Images Meta will face off against the U.S. Federal Trade Commission on Monday in a high-stakes antitrust trial that could result in the company divesting Instagram and WhatsApp. The trial in Washington is expected to last weeks and centers around the FTC's allegations that Meta monopolizes the personal social networking market. CEO Mark Zuckerberg, former COO Sheryl Sandberg, Instagram co-founder Kevin Systrom and other current and former Meta executives are expected to testify, along with top brass from rivals TikTok, Snap and Google's YouTube, according to a legal filing. The FTC claims Meta shouldn't have been allowed to buy Instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014, and the agency is calling for those units to be sliced off from the Menlo Park, California, company. "Acquiring these competitive threats has enabled Facebook to sust ... Read full article.