Friday, October 7, 2022
HomeDigit NewsMeta delays antitrust hearing that could force it to sell Instagram and...

Meta delays antitrust hearing that could force it to sell Instagram and WhatsApp

US regulators and Meta have disagreed on when the high-profile antitrust case against the latter should begin. The Federal Trade Commission (FTC) is suggesting December 2023 and Meta says it needs more time to prepare.

The FTC has reportedly filed a petition with the U.S. District Court in Washington to set a trial date for December 11, 2023, to give the parties time to prepare. Meta representatives called the proposed timeline unrealistic and unfair to the company, and said the social media giant needs time until February 13, 2024.

Last month, the court denied Meta’s request to have the lawsuit dismissed and said the FTC had every reason to seek a hearing. In its lawsuit, the US Federal Trade Commission accuses Meta of suppressing or acquiring companies in order to avoid competition. FTC intends to force Meta to sell Instagram and WhatsApp.

 

 

source: Reuters

 

 

- Advertisement -
MOBILE

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News