Zuckerberg Repeats Trump Visits In Bid To Settle Antitrust Case [Barron's]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Barrons
The case against Meta was filed in 2020 by the Federal Trade Commission and seeks to prove that the company formerly known as Facebook illegally acquired potential competitors, particularly Instagram and WhatsApp, to eliminate competitive threats. The New York Times reported that Zuckerberg has visited Trump at both the White House and his Mar-a-Lago resort several times in recent weeks as he makes a last-ditch attempt to spare his company the seven- to eight-week trial. The trial is to take place in a Washington federal court, with Zuckerberg and former executive Sheryl Sandberg among those to take the stand. Contacted by AFP, a Meta spokesman said: "Mark's continuing the meetings he's been holding with the administration on American technology leadership." Since Trump took back the White House, Zuckerberg has courted the president with frequent visits and notable changes to corporate policies on matters like content moderation, aligning himself politically with the Republic
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