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The antitrust trial involving Meta Platforms Inc. continues, with CEO Mark Zuckerberg testifying against the Federal Trade Commission's claims that Meta monopolized the personal social networking market by acquiring rivals like Instagram and WhatsApp. The FTC argues these purchases were part of a strategy to suppress competition, while Meta contends that the market definition excludes key competitors like TikTok and YouTube. Potential outcomes of the trial could see forced sales of Instagram and WhatsApp, posing significant risks to Meta's revenue.
Source: YAHOO