The US Federal Trade Commission said that Meta had withheld information from regulators when acquiring social media platforms Instagram and WhatsApp.
Meta Platforms withheld information from federal regulators during their original reviews of the Instagram and WhatsApp acquisitions, the US Federal Trade Commission said in a court filing as part of a lawsuit seeking to break up the social networking giant.
In the years since, the agency has faced significant criticism for allowing the deals to move forward. In its filing Tuesday, however, the FTC said the case involves “information Meta had in its files and did not provide” during the original reviews.“The FTC now has available vastly more evidence, including pre-acquisition documents Meta did not provide in 2012 and 2014.
In 2017, European antitrust regulators fined Meta 110 million euros for providing misleading information about the WhatsApp deal.
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