CNBC April 14, 2025
Key Points
– Former FTC Chair Lina Khan said Monday that Facebook’s acquisitions of Instagram and WhatsApp drastically changed the social networking ecosystem.
– The trial could result in the social media giant Meta divesting the two companies.
– Khan joined “Squawk Box” to discuss the Meta versus FTC trial.
Former U.S. Federal Trade Commission Chair Lina Khan said Monday that Facebook “panicked” when making the acquisitions of Instagram and WhatsApp as smartphone use took off.
“It saw companies like Instagram and WhatsApp experiencing astronomical growth, and that’s the point at which it resorted to this buy-or-bury scheme where, if it couldn’t outcompete a rival, it either bought them out or cut them off its network,” Khan said on CNBC’s...
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