Kurt Wagner

San Francisco

Covering social media, Facebook + X/Twitter for Bloomberg @Business. Author of “Battle for the Bird.” DMs are open. Go Seahawks. Go M’s. Signal: kurtwagner.08

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Articles

Meta and Federal Trade Commission await judge’s ruling over monopoly claims

1 week ago | independent.ie | Kurt Wagner |Joshua Sisco

The seven-week trial wrapped up on Tuesday, and now each side has four months to make its case in writing. Then US District Judge James Boasberg will decide whether Meta has an illegal monopoly in the social media market, and whether that dominance stemmed from its acquisitions of Instagram and WhatsApp – deals for popular applications that closed more than a decade ago. The FTC argues Meta, then known as Facebook, bought the two companies in 2012 and 2014 rather than compete with them.
Meta's future lies with judge as FTC antitrust trial ends

1 week ago | thebrunswicknews.com | Kurt Wagner |Joshua Sisco

Meta Platforms Inc. has done all it can in court to fight back at the U.S. Federal Trade Commission's claims that it's a monopoly. Now it's up to a federal judge to decide whether the company should be broken up. The seven-week trial wrapped up Tuesday, and now each side has four months to make its case in writing.
Meta’s future lies with judge as FTC antitrust trial ends

1 week ago | kentucky.com | Kurt Wagner |Joshua Sisco

Meta Platforms Inc. has done all it can in court to fight back at the U.S. Federal Trade Commission's claims that it's a monopoly. Now it's up to a federal judge to decide whether the company should be broken up. The seven-week trial wrapped up Tuesday, and now each side has four months to make its case in writing.
Meta’s future lies with judge as FTC antitrust trial ends

1 week ago | miamiherald.com | Kurt Wagner |Joshua Sisco

Meta Platforms Inc. has done all it can in court to fight back at the U.S. Federal Trade Commission's claims that it's a monopoly. Now it's up to a federal judge to decide whether the company should be broken up. The seven-week trial wrapped up Tuesday, and now each side has four months to make its case in writing.
Meta’s Future Lies With Judge as FTC Antitrust Trial Ends

1 week ago | bloomberg.com | Kurt Wagner |Joshua Sisco

Meta Platforms headquarters in Menlo Park, California. (Bloomberg) -- Meta Platforms Inc. has done all it can in court to fight back at the US Federal Trade Commission’s claims that it’s a monopoly. Now it’s up to a federal judge to decide whether the company should be broken up. The seven-week trial wrapped up Tuesday, and now each side has four months to make its case in writing.
Meta CEO Mark Zuckerberg Bets on Trump, But MAGA Is Skeptical

1 week ago | bloomberg.com | Riley Griffin |Kurt Wagner

In early February, Mark Zuckerberg boarded his Gulfstream G650 for a trip to Washington, DC—a cross-country route he was flying with newfound frequency. After years on the outs, the chief executive officer of Meta Platforms Inc. had regained something valuable he’d lost: direct access to the president. Since November, Zuckerberg had already had a string of postelection get-togethers with Donald Trump.
WhatsApp had no plans to vie with Facebook, co-founder says

1 week ago | seattletimes.com | Kurt Wagner |Sabrina Willmer

WhatsApp co-founder Brian Acton said that his messaging company had no plans to build social networking features to compete with Facebook before he sold the company to Mark Zuckerberg, a claim that bolsters Meta’s defense as it faces federal antitrust allegations. “We had no ambition to build Facebook-like functionality like a feed or any Facebook-like features,” Acton said Tuesday during testimony at a federal courthouse in Washington.
Musk’s Political Backpedal Leaves X Searching for Relevance

2 weeks ago | bloomberg.com | Kurt Wagner

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner looks at Elon Musk’s stated desire to pull back from politics and what that may mean for his social network, X. Baidu’s beat: Chinese internet giant Baidu reported a 3% rise in quarterly revenue, surprising analysts who had expected it to shrink around 1.5%.
WhatsApp Had No Plans To Compete With Facebook: Co-Founder Brian Acton

2 weeks ago | ndtv.com | Kurt Wagner |Sabrina Willmer

Meta overtook WhatsApp over a decade ago. Quick Read Summary is AI generated, newsroom reviewed. WhatsApp co-founder Brian Acton testified that the app had no plans to add social networking features before its sale to Meta, supporting the company's defense against antitrust claims.
WhatsApp had no plans to vie with Facebook, co-founder says

2 weeks ago | thebrunswicknews.com | Kurt Wagner |Sabrina Willmer

WhatsApp co-founder Brian Acton said that his messaging company had no plans to build social networking features to compete with Facebook before he sold the company to Mark Zuckerberg, a claim that bolsters Meta's defense as it faces federal antitrust allegations. "We had no ambition to build Facebook-like functionality like a feed or any Facebook-like features," Acton said Tuesday during testimony at a federal courthouse in Washington.