FTC Andrew Ferguson President weighs the trial of the Anti -Monopath

The Chairman of the Federal Trade Committee (FTC) Andrew Ferguson weighs in the anti -monopoly issue against the agency against the social media giant Definition platforms In the appearance of the two on “Morning with Maria”.

FTC and Meta went to the court on Monday morning, where the trial arose from the agency, which claims that the technology company “participated in anti -competition acquisitions to protect its dominant position” in personal social networks He started officially.

The agency’s lawsuit takes a special problem with the purchases of Meta from Instagram and WhatsApp and the technology company calls for stripping its business or re -configuration to “restore competition”. These huge deals occurred in 2012 and 2014, respectively.

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“Morning with Maria“The host, Maria Barteromo, a spokesperson for Meta, said during the weekend,” more than 10 years have passed since the FTC reviewed and surveyed our acquisitions, the committee’s conduct in this case sends a message that there is an final deal at all. “

When asked about the trial of Meta, Ferguson Bartorium said that President Donald Trump “started this lawsuit in 2020 and we see it today.”

“At the end of transactions, as you know, FTC He does not explain transactions, as he is trying to predict whether the transaction will be hostile to competition. ”

“But here, we have actual evidence that transactions turned out to be hostile to competition and have given Facebook and Meta a huge amount of strength, and the power we all saw on the full offer in 2020,” Ferguson claimed during the “morning with Maria”. “This is what this situation is about, is to address the identification power and make sure that the situation that we had in 2020 could not arise again.”

Ferguson said FTC “definitely believes that dead” monopoly. ”

“We believe that the evidence we will do in the trial will show it a monopoly,” he said. “Look, we have all seen full in 2020 with the extent of the strength of these social media platforms on every aspect of our daily lives, our elections, our social life, and our economic life, and this is what This is the case It revolves around treating this type of strength and ensuring that 2020 cannot happen again. ”

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Meta, led by CEO Mark Zuckerberg, has declined severely against FTC claims about monopoly and described the agency’s case as “weak”.

in press release During the weekend, the technology company argued that it “faces strong competition in a rapidly shift technical scene, which includes American and foreign competitors” and that the competition “has grown only” since FTC submitted its complaint.

Meta claimed that FTC may “GerryMandERED a fake market in which Facebook and Instagram are only with Snapchat and an application called MEWE.” She said that her market share was less than 30 % when Tiktok and YouTube were taken into account and also competes with other social media platforms.

index	protection	last	Changing	% Change
Dead	Meta Inc platforms.	543.57	-2.72	-0.50 %

Meta said: “It is absurd that FTC tries to disintegrate a wonderful American company at the same time the administration is trying to save the Chinese -owned Tiktok.” “It is illogical for the organizers to try to weaken American companies at the present time, we need to invest in winning competition with China to lead in artificial intelligence.”

While appearing on “Morning with Maria”, Ferguson Barturomo told him he was taking a “different” approach with FTC when it came to integration and acquisition and described himself as “anti -confidence enforcement.”

“I think it is really important to protect all Americans in every aspect of their daily lives by ensuring that we do not possess monopolies and we have no fraud,” he said. “However, as you know, merger and acquisitions are an important part of how the economy grows, it is an important part of how to innovate and vitality in our economy.”

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Ferguson said he sees FTC’s role in looking In integration operations And “if we think they are hostile to the competition, then move to the court” and “leaving the road quickly” if the agency does not think it is.

Trump chose Ferguson to become FTC Chairman on the first day of his second presidential term.