Mariana Petersen

3 weeks ago | findlaw.com | Joseph Fawbush |Mariana Petersen

In a case that could test the Federal Trade Commission's power to regulate tech giants, Meta is now facing a trial over whether it violated antitrust laws when it bought competitors Instagram for $1 billion in 2012 and Snapchat in 2014 for $19 billion. Both mergers initially received regulatory approval. Meta has faced significant lawsuits before in its relatively short time as a global business, but this one could be one of the most important.