FTC chair Andrew Ferguson weighs in on Meta antitrust trial

The Chairman of the Federal Trade Committee (FTC) Andrew Ferguson was studying in the Agency’s anti -monopoly issue against giant identification platforms on social media on Monday’s appearance on “Al -Sabah with Maria”.

FTC and Meta went to the court on Monday morning, where the trial arose from the agency, which claims that the technology company “participated in anti -competition acquisitions to protect its dominant position” in personal social networks He started officially.

The agency’s lawsuit takes a special problem with the purchases of Meta from Instagram and WhatsApp and the technology company calls for stripping its business or re -configuration to “restore competition”. These huge deals occurred in 2012 and 2014, respectively.

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“More than 10 years after the FTC review and survey our acquisitions, the committee’s procedure in this case sends a message that there is no truly final deal.”

Commissioner Andrew Ferguson was exploited to the FTC presidency last month. (Screen shot / Federal Trade Committee / Fox News)

When asked about the trial of Meta, Ferguson Bartorium said that President Donald Trump “started this lawsuit in 2020 and we see it today.”

“At the end of the transactions, as you know, FTC does not hold transactions, as it tries to make a prediction about whether the transaction will be hostile to the competition,” he said.

“But here, we have actual evidence that transactions turned out to be hostile to competition and have given Facebook and Meta a huge amount of strength, and the power we all saw on the full offer in 2020,” Ferguson claimed during the “morning with Maria”. “This is what this situation is about, is to address the identification power and make sure that the situation that we had in 2020 could not arise again.”

Ferguson said FTC “definitely believes that dead” monopoly. ”

On Monday, April 7, Meta is scheduled to end all third -party facts on its American platforms. (Nikolas Kokovlis / Nurphoto Via / Getty Images)

“We believe that the evidence we will do in the trial will show it a monopoly,” he said. “See, we have all seen full in 2020, how much this social media has the authority of every aspect of our daily lives, our elections, our elections, our social life, and our economic life, and this is what this issue revolves around, revolves around addressing this type of strength and making sure that 2020 can never occur again.”

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Meta, led by CEO Mark Zuckerberg, has declined severely against FTC claims about monopoly and described the agency’s case as “weak”.

in press release During the weekend, the technology company argued that it “faces strong competition in a rapidly shift technical scene, which includes American and foreign competitors” and that the competition “has grown only” since FTC submitted its complaint.

Meta claimed that FTC may “GerryMandERED a fake market in which Facebook and Instagram are only with Snapchat and an application called MEWE.” She said that her market share was less than 30 % when Tiktok and YouTube were taken into account and also competes with other social media platforms.

Meta said: “It is absurd that FTC tries to disintegrate a wonderful American company at the same time the administration is trying to save the Chinese -owned Tiktok.” “It is illogical for the organizers to try to weaken American companies at the present time, we need to invest in winning competition with China to lead in artificial intelligence.”

While appearing on “Morning with Maria”, Ferguson Barturomo told him he was taking a “different” approach with FTC when it came to integration and acquisition and described himself as “anti -confidence enforcement.”

The headquarters of the Federal Trade Committee in Washington, DC, on September 28, 2024. (Stephanie Reynolds / Bloomberg via / Getty Images)

“I think it is really important to protect all Americans in every aspect of their daily lives by ensuring that we do not possess monopolies and we have no fraud,” he said. “However, as you know, merger and acquisitions are an important part of how the economy grows, it is an important part of how to innovate and vitality in our economy.”

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Ferguson said he sees the role of FTC to consider integrations and “if we think they are hostile to the competition, move to the court” and “leaving the road quickly” if the agency does not think it is.

Trump chose Ferguson to become FTC Chairman on the first day of his second presidential term.