FTC vs. Meta: What you need to know about the trial

The trail will begin on Monday, April 14.

Transcript

00:00The Federal Trade Commission and Meta are finally about to square off.

00:03April 14th will mark the start of a trial that could end with the social media company

00:08having to divest Instagram and WhatsApp.

00:10The trial revolves around the FTC's case that Meta has monopolized the social networking market.

00:15The agency says Meta should never have been allowed to acquire either platform.

00:19Instagram was purchased in 2012 for $1 billion, while WhatsApp was bought in 2014 for $19 billion.

00:25In its filing, the FTC said, acquiring these competitive threats has enabled Facebook

00:30to sustain its dominance to the detriment of competition and users,

00:34not by competing on the merits, but by avoiding competition.

00:38The trial will take place in Washington, D.C., and several current and former high-ranking

00:42Meta officials are expected to testify, including Mark Zuckerberg and Sheryl Sandberg.

00:46That'll do it for your daily briefing.

00:48From New York City, I'm Kelsey Barbario with The Street.

00:55From New York City, I'm Kelsey Barbario with The Street.