Allegations claim that Zuckerberg, the CEO of Meta facing a lawsuit for monopolizing the social media sphere, is conducting lobbying efforts to reach a settlement. The lawsuit accuses Meta, a company encompassing social media and online messaging services like Facebook, Instagram, and WhatsApp, of monopolizing the industry. It is alleged that Zuckerberg aimed to strike a deal with President Donald Trump and White House officials to prevent the antitrust case scheduled for this month and secure an agreement that would obstruct the lawsuit. According to information provided by insiders to The Wall Street Journal (WSJ) in the USA, representatives of the company met with Trump and top advisors before the Federal Trade Commission (FTC) trial, regarding monopoly claims in the social media sector, scheduled for April 14th. Zuckerberg visited the White House on Wednesday, as relayed by sources speaking to the WSJ. It was mentioned in the report that it was Zuckerberg’s third visit since the beginning of Trump’s second term. The news also suggested that some of Trump’s advisors were weary of the company’s lobbying strategy, finding it overly aggressive. In response to these claims, Meta Spokesperson Andy Stone stated that they regularly engage with policymakers to address matters affecting competitiveness, national security, and economic growth. However, representatives from the White House and the Federal Trade Commission declined to comment on the issue. A source knowledgeable about the situation mentioned that Trump has not yet reached a decision on whether to settle with Meta in light of allegations that the company acquired Instagram and WhatsApp to stifle competition. Despite the Federal Trade Commission being established as an independent agency by the US Congress, Trump had previously claimed that all independent agencies were under the control of the White House. Following Trump’s re-election, Meta donated $1 million to his campaign and visited his Mar-a-Lago estate twice during the transition phase. The Federal Trade Commission filed a lawsuit in 2020 against Meta, claiming that the company acted unlawfully to maintain its monopoly on social media when it acquired Instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014. The Commission alleged that Meta overpaid for these acquisitions. Meta requested the federal judge to dismiss the case without a trial in April. If a ruling goes against Meta in the lawsuit, the company may have to back out from the purchases of WhatsApp and Instagram.
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