A U.S. district court has given its green light to The Federal Trade Commission to proceed with an antitrust lawsuit against Meta Platforms (FB). After being rejected once, the FTC filed an amended complaint in August 2021. The amended complaint includes more details on the company’s monopoly power allegations. Also, it provides evidence that Meta controlled prices, sacrificed the quality of its offering to users and excluded competition by driving actual or potential competitors out of business, such as the acquisitions of WhatsApp and Instagram. “Facebook lacked the business acumen and technical talent to survive the transition to mobile.
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