Meta Faces An Antitrust Lawsuit, FTC Says Company Holds A 'Social Network Monopoly'

• On Monday, Meta and the FTC began a faceoff in court over monopoly claims
• If the FTC wins, Meta will be forced to sell off apps like Instagram and WhatsApp
• Meta CEO Mark Zuckerberg's relationship with President Donald Trump has been called into question, as many worry that it could potentially sway the outcome of the trial

The US government began a closely watched aantitrust case against Meta (NASDAQ:META) on Monday. The Federal Trade Commission's suit alleges that the company has illegally built a "social networking monopoly" through years of "anticompetitive conduct." Defending his company's actions, Meta CEO Mark Zuckerberg took the stand on the first day of proceedings, answering questions about the company's intentions in purchasing apps like Instagram and WhatsApp, and his oft-repeated philosophy "it's better to buy than compete," according to the Associated Press. 

If the government wins the case, Meta will be forced to sell off Instagram and WhatsApp, and other tech giants, like Alphabet (NASDAQ:GOOGL, GOOG)) and Amazon (NASDAQ:AMZN), would be put on notice.

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