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The FTC has sued Meta for a third time alleging violation of the antitrust laws. These violations supposedly have their roots in the company's acquisitions of Instagram and WhatsApp, both of which happened more than a decade ago. Why has the FTC been so persistent in pursuing Meta over these deals? If it is successful, how will consumers benefit?
I am skeptical that any such benefit could result from an FTC victory in this case. In a recent article at Truth on the Market, The FTC’s Zombie Antitrust Action Against Meta Continues to Lurch Forward, I critique the FTC's long-running pursuit of Meta. It might leave you wondering—what's the point of this trial?
