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Calvin02 | 1 year ago
If the FTC considered this material information, they should have asked to review it back then. If they requested it but Meta didn’t provide it, then it is an issue.
However, if the FTC didn’t consider it important at the time of the merger, it can’t go back and argue that something is valuable because the acquisitions turned out to be more valuable.
For example, if India and Brazil decide that WhatsApp needs to be able to see messages and break e2e, WA instantly becomes less valuable.
Or Snapchat could have eaten IG’s lunch.
Would FTC still have made the same argument?
diggan|1 year ago
That's how the article reads to me at least, that the FTC wasn't aware of the documents/information even existing, so obviously they couldn't ask for it at the time (an unknown-unknown, rather than known-unknown).
Overall, I feel like the article itself is withholding information about exactly what information is now known by the FTC, so hard to judge anything here.
JumpCrisscross|1 year ago
That's Facebook's argument: "Meta is seeking to have the case thrown out before a trial, arguing that it has invested billions in the apps and that the FTC shouldn’t be able to renege on its prior approval of the mergers."
> If they requested it but Meta didn’t provide it, then it is an issue
Yes. It seems premature to conclude from public sources who has the stronger hand.
oglop|1 year ago
Literally the first paragraph says they claim Facebook withheld the information which was requested.
hehdhdjehehegwv|1 year ago
Utterly wasted opportunity when there is huge public support for interventions to break up big tech power.