Reported about 7 hours ago
Executives from social media giants like TikTok, X, and Reddit testified in a federal court as part of the FTC's antitrust trial against Meta Platforms Inc. The trial, focused on defining Meta's competitive market, has shown disagreement over whether these platforms are direct competitors. Meta argues that it competes in a broad market that includes various services beyond traditional social networking, while the FTC aims to prove that Meta has monopolized a narrow segment referred to as 'personal social networking services.'
Source: YAHOO