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FTC says it will appeal Meta antitrust decision

The Federal Trade Commission said Tuesday it will appeal the November ruling in favor of Meta in its antitrust case against the social media giant.

The FTC said it continues to allege that, for more than a decade, Meta Platforms Inc. has “illegally maintained a monopoly” in social networking through anticompetitive conduct “by buying the significant competitive threats it identified in Instagram and WhatsApp.”

Meta had prevailed over the existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking.

U.S. District Judge James Boasberg issued his ruling on Nov. 18 after the historic antitrust trial wrapped up in late May. His decision runs in sharp contrast to two separate rulings that branded Google an illegal monopoly in both search and online advertising, dealing regulatory blows to the tech industry that for years enjoyed nearly unbridled growth.

In a statement, Meta said the court’s decision “to reject the FTC’s arguments is correct, and recognizes the fierce competition we face. We will remain focused on innovating and investing in America.”

Malaysia bans social media accounts for children under 16 but questions remain

KUALA LUMPUR, Malaysia (AP) — Malaysia on Monday began enforcing rules barring millions of children younger than 16 from having social media accounts, joining a growing global effort to tighten safety protections. Not all families approved, and critics raised concerns about data protection and potential surveillance. Social media platforms with at least 8 million users in Malaysia, including Facebook, Instagram, TikTok and YouTube, must implement age-verification systems and block users under 16 from creating accounts. Malaysia’s Communications and Multimedia Commission said age verification for existing users will be rolled out over the next six months. Users identified as under 16 will have a month to download or transfer data, including photos and videos, before restrictions or other actions are applied. Companies that fail to comply could face penalties of up to 10 million ringgit ($2.5 million). Parents whose children manage to bypass the law will not be penalized.
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