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Meta seeks settlement to avoid looming antitrust trial - WSJ

Published 02/04/2025, 20:24
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Investing.com -- Meta Platforms (NASDAQ:META), led by CEO Mark Zuckerberg, is reportedly working to negotiate a settlement with President Trump and White House officials in order to avoid an impending antitrust trial. The trial, set by the Federal Trade Commission (FTC) for April 14, could potentially compel Meta to reverse its acquisitions of messaging service WhatsApp and photo-sharing application Instagram, according to a report from the Wall Street Journal.

Zuckerberg and other representatives from Meta have met with the president and his senior advisers to discuss possible terms for a settlement, although specific details have not been disclosed. The CEO made his third visit to the White House during Trump’s presidency on Wednesday. Some of Trump’s aides have expressed dissatisfaction with Meta’s lobbying efforts, viewing them as excessively forceful.

Andy Stone, a spokesman for Meta, stated that the company regularly engages with policymakers to discuss matters that affect competitiveness, national security, and economic growth. The White House and the FTC have not provided comments on the situation.

President Trump has not yet made a decision on whether his administration will reach a settlement with Meta over allegations that the company acquired Instagram and WhatsApp to stifle competition. This information comes from an individual with direct knowledge of the President’s thought process.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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