Meta, formerly known as Facebook, is once again facing a complaint from the Federal Trade Commission. It is being said that this time Meta may have to sell its two biggest revenue generators Instagram and WhatsApp. In fact, once again the Federal Trade Commission has reached the Federal Court with the complaint of Meta. The commission has made several serious allegations against the company. Let us tell you that the commission is headed by Leena Khan, who has been chosen by US President Joe Biden himself.
The commission challenged the meta
Let us tell you that the agency had challenged the giant META in the past as well but due to lack of details, the court refused to hear the complaints. This time the commission has leveled allegations of illegal monopoly against Meta. The FTC has claimed that Meta has a monopoly. The company buys out its opponents to dominate the market and this leaves very few options for the people and because of this the privacy of the people is at risk. The FTC said the company first bought Instagram and then WhatsApp. Now people do not have new options in the market. Let us tell you that Meta had bought Instagram for 1 billion. At that time only 13 employees were working in the company. That’s why the FTC approved the acquisition of Meta. At the same time, the company bought the instant messaging app WhatsApp in 2014 for $ 19 billion.
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Who is Leena Khan
The commission argues that a market dominance is a sign that people’s privacy is at risk. Let us tell you that the commission is not only keeping an eye on Meta but can also target Amazon and Google. It is worth noting that Leena Khan heads the Federal Trade Commission. Leena is already known for the issues of antitrust issues. Leena is known for her antitrust and competition law work in America.
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