FTC v. Meta: the antitrust battle over Instagram and WhatsApp
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Meta reportedly offered $1 billion to settle the FTC’s antitrust lawsuit.
The Wall Street Journal reports that Mark Zuckerberg called FTC chair Andrew Ferguson and initially offered $450 million before upping the offer to settle to $1 billion. Ferguson apparently wouldn’t initially settle for “anything less than $18 billion and a consent decree” before the FTC upped its counter to $30 billion, per the report. The Journal also notes that President Trump “at various points appeared more open to striking a deal ” and asked “questions about how a settlement would work.”
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