Meta Platforms (META) on Thursday filed a motion asking a federal judge to dismiss a case by the Federal Trade Commission accusing the social media giant of holding an illegal monopoly in social media.
The FTC has sought to show that Meta illegally dominated the market for social media platforms used to share updates with friends and family via its WhatsApp and Instagram acquisitions, Reuters reported.
"Recent data decisively refutes the claim that 'friends-and-family sharing' insulates Meta's apps from competition from (among many others) YouTube, iMessage, and, most dramatically, TikTok -- a disruptive entrant that forced Meta to transform Facebook and Instagram or risk precipitous decline," Meta said in a Thursday court filing.
"The FTC has not carried its burden to prove that Meta has monopoly power," the filing showed.
The FTC didn't immediately respond to MT Newswires' request for comment.
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