Meta Dredges Sensitive Data for Over 100 Rival Companies While Still Claiming It Isn't a Monopoly

  • 📰 Gizmodo
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The FTC’s lawsuit against Meta accused the company of being anticompetitive, but the social company says it needs rivals’ data to prove it isn’t a monopoly.

on Meta having filed 132 subpoenas of some of the biggest tech and social media companies around, including

ByteDance-owned TikTok, Twitter, Reddit, and Snap, whose apps remain some of Facebook and Instagram’s biggest competitors. As much as the requests for data say they need to show how much competition Meta faces amongst its rivals, they also ask for an incredible amount of sensitive data about each apps targeted ad capability, user data, marketing strategies, and contacts for their biggest advertisers.

filed in August last year, which added even more fuel to the smoldering embers of Meta’s attempts to push out rivals via buyouts and anti competitive activity. The FTC has argued that Meta’s acquisitions of Whats App and Instagram were anticompetitive, pushing up prices for the entirety of the social network market. Meta had asked the court to

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 556. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These N.J. companies failed to support American democracy, group saysThe American Democracy Scorecard by the watchdog group Accountable.us awarded failing grades to 66% of the Fortune 100 companies, including two in New Jersey. A made up left wing group makes a biased determination about certain corporations that don’t fit their belief system. There, fixed the Tweet for you
Source: njdotcom - 🏆 282. / 63 Read more »