Meta resorted to 'buy-or-bury scheme' with Instagram and WhatsApp deals, former FTC Chair Lina Khan says
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Former FTC Chair Lina Khan stated that Facebook's acquisitions of Instagram and WhatsApp were a 'buy-or-bury scheme' due to the rapid growth of these platforms. The FTC is currently in trial against Meta, alleging monopolization of the personal social networking market. Khan emphasized that these acquisitions have significantly altered the social networking landscape. The trial could lead to Meta divesting Instagram and WhatsApp, with the possibility of a settlement before its conclusion. Khan expressed satisfaction that Meta's attempts to dismiss the case have not succeeded.
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