The tech giant argues that the government is defining the social media market in a "contrived" way that ignores the reality that features offered by its apps are available across the internet.
April 08, 2024 at 07:45 AM
4 minute read
The original version of this story was published on Corporate Counsel
Meta Chief Legal Officer Jennifer Newstead on Friday lashed out at the Federal Trade Commission’s lawsuit charging her company has an illegal stranglehold on social media, saying the FTC is defining that market in a nonsensical way and objecting to acquisitions the agency itself cleared years ago.
“The FTC’s message in this case is clear: no deal is ever truly final, and businesses can be punished for innovating to give people greater value and choice,” Newstead wrote in a company blog post.
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Meta’s headquarters in Menlo Park, California. Photo: Marc Olivier Le Blanc
