If the FTC prevails, a spinoff of Instagram and WhatsApp would undo years of integration between the apps, disrupt two of the most popular digital consumer products in the world and potentially erase hundreds of billions of dollars in Meta’s market value. The FTC’s case is “at war with the facts and at war with the law,” said Meta lawyer Mark Hansen in his opening remarks, noting that of all Meta’s competitors, Matheson mentioned TikTok only once in his opening statement. While the FTC is focused on people’s use of the services to communicate with friends and family, Hansen said that has dropped precipitously, with less than 20% of Meta customers using the services for those functions in 2025.
Author: list.metadata.agency
Published at: 2025-04-14 21:56:10
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