Meta says US FTC ‘gerrymandered a fictitious market’ in monopoly suit | MLex

( April 14, 2025, 12:57 GMT | Official Statement) — MLex Summary: Meta Platforms says the US Federal Trade Commission’s monopolization lawsuit has “gerrymandered a fictitious market” in which Facebook and Instagram compete only with Snapchat and an app called MeWe. In a blog post ahead of a two-month trial starting today, Meta said it operates in a dynamic and hypercompetitive space where users spend longer on TikTok and YouTube than on either Facebook or Instagram. Adding those two into the FTC’s social-media market definition gives Meta less than 30 percent market share, it said. “For the FTC to win this case, they need to prove both that Meta has a dominant share in a properly defined product market that includes all competitors, and that the two acquisitions harmed competition and consumers. They are wrong on both claims,” the company said.Statement follows…. Prepare for tomorrow’s regulatory change, today MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term. Know what others in the room don’t, with features including: Daily
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