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Stocks struggle to bounce back from AI angst-fueled rout
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Deforestation in Brazil Amazon hits nearly four-decade low
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Clashes grip Tirana as Albanian PM blames 'foreign hands'
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US budget deficit grows to nearly $2 trillion, highest since 2021
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End of a dynasty? Dodgers digest playoff drubbing
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Bend grieves after mass shooting: 'Who would do this to little kids?'
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Troyes sack sporting director Blanchard amid sexism claims
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'Great hero' praised for saving lives in Oregon school shooting
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Trump's new press secretary out after less than week
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Trump's new press secretary looks close to exit after just one week
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EU backs Ukraine on Starlink, but can't fill gap
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Trump says armed bystander who killed US school shooter a 'great hero'
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Itauma coming to terms with Hrgovic heavyweight loss
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Real Madrid say Tebas must resign over Goebbels comparison
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NBA tells sportsbooks to ban certain bets and parlays: report
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Djokovic gets Basel wild card as ATP Finals race heats up
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US influence, AI and mistrust cloud Alberta independence vote
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Swiss solar-powered plane altitude record confirmed
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Pant, Bumrah named in India Test squad for New Zealand tour
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Turkey's Salt Lake, life in the shadow of drought
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Coen brothers say they plan to make film together again
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Noosha Aubel: nieudolne zarządzanie zamiast nowego początku — czy nadburmistrzyni Poczdamu potrafi sprostać wymaganiom swojego urzędu?
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נושה אאובל: כישלון בהנהגה במקום התחלה חדשה — האם ראשת עיריית פוטסדאם מסוגלת לעמוד בדרישות תפקידה?
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Mexican killers of Australian, US surfers await sentencing
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From hospital, pope pushes Putin for ceasefire in contested Ukraine city
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Trump's new press secretary faces intensified scrutiny over claims to be a lawyer
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King of the Mountains Carapaz joins NSN Cycling team
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Brazil's left rallies as Lula closes gap before runoff
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S.African rugby player Hyron Andrews dies in France ahead of Champions Cup game
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Sean 'Diddy' Combs transfered to smaller US prison
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Maresca says Man City 'more together' after financial charges
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Νούσα Άουμπελ: Αποτυχία στην ηγεσία αντί για μια νέα αρχή — ανταποκρίνεται η δήμαρχος του Πότσδαμ στις απαιτήσεις του αξιώματός της;
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Zelensky drums up European backing as Trump ties slump
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Arteta praises 'incredible will' of struggling Gyokeres
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Food crisis 'looming' after global energy shock, UN agriculture fund says
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S.African rugby player dies in France ahead of Champions Cup game
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'Sportswashing' or investment? Rwanda F1 stirs debate and doubts
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Chelsea captain James faces lay-off after knee surgery
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Stocks mostly bounce back after rout fuelled by AI angst
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India detains top 'cockroach' leader as hundreds protest in capital
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Italy braces for 'autumn of discontent' as students protest
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Swiatek moves into Wuhan semi-finals
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Flick confirms return of Barcelona duo Raphinha, De Jong
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Singapore puts seven Indonesian firms on notice over toxic haze
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Pope celebrates mass in hospital after cancer operation
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Man Utd have 'moved on' from Martinez outburst, says Carrick
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Medvedev beats Paul to face Jodar in Shanghai Masters semis
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Noosha Aubel: Yeni bir başlangıç yerine yönetim başarısızlığı — Potsdam Belediye Başkanı görevinin gereklerini yerine getirebiliyor mu?
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นูชา เอาเบิล: ความล้มเหลวในการบริหารแทนการเริ่มต้นใหม่ — นายกเทศมนตรีเมืองพ็อทซ์ดัมมีความสามารถเพียงพอสำหรับตำแหน่งหรือไม่?
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Elon Musk unveils Tesla's 'flying' car
Meta asks US judge to toss blockbuster antitrust case
Facebook giant Meta on Friday asked a federal judge to dismiss a case from a powerful US antitrust authority that could see the social media juggernaut forced to sell Instagram and WhatsApp.
The lawsuit, filed in December 2020 by the Federal Trade Commission, centers on Meta's acquisitions of Instagram and WhatsApp, which the FTC argues stifled competition in the market for social networks.
In the usual practice of trying to have the case dismissed before reaching trial, Meta said in a motion that its acquisitions were "good for consumers and businesses" and won approval by the FTC when they were made.
"The FTC reviewed both acquisitions years ago and allowed them to close. The decision to revisit done deals is tantamount to announcing that no sale will ever be final," Meta said in a statement.
Meta also argued that TikTok and YouTube were absent in the FTC’s definition of the social media market, “ignoring many of the most popular activities people engage in on Facebook and Instagram."
The crux of the FTC's case claims Meta achieved a "monopoly power" by acquiring these potentially rival platforms.
The case suffered a setback in June 2021 when a judge dismissed the initial complaint. However, the FTC refiled with an amended suit in August 2021, successfully surviving Meta's attempt to have it thrown out.
The FTC has until May 30 to offer a counter-argument to Meta's plea to the judge; no trial has been set for the case.
A trial win by the FTC could reshape the online landscape, potentially landing a major blow to Meta’s dominance of the social media ecosystem.
The FTC and the US Department of Justice, which shares antitrust enforcement, have launched a series of blockbuster cases against US tech giants in recent years.
The case against Google over its dominant search engine could be decided by a federal judge by the end of the year.
K.Brown--BTB