cover of episode Meta Heading to Antitrust Trial Over IG, Whatsapp & Disney+ Rallies With 4.4M Subs

Meta Heading to Antitrust Trial Over IG, Whatsapp & Disney+ Rallies With 4.4M Subs

2024/11/15
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Morning Brew Daily

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The U.S. Federal Trade Commission and Meta face off in an antitrust trial over the acquisition of Instagram and WhatsApp, with implications for Big Tech's perceived monopolistic power.
  • Meta's defense argues that the acquisitions were not overpaid and that competition from TikTok, YouTube, and others should be considered.
  • The case has seen bipartisan support, but future outcomes may depend on changes in FTC leadership under a potential Trump administration.
  • Perception of Meta has shifted, with less public discourse focusing on its power compared to other platforms like X.

Shownotes Transcript

Episode 454: Whoa! It’s Ann and Kyle! They talk about Meta’s antitrust court case where the FTC wants to break up Instagram and WhatsApp from the social media giant. Then, Disney is the Stock of the Week after reporting strong earnings to its streaming business with the help from its parks and studio divisions. Is Bob Iger the GOAT? Meanwhile, electric vehicles are the Dog(s) of the Week after the Trump administration aims to kill Biden’s EV tax credit. Plus, the satirical news publication The Onion wins the bid to buy the controversial InfoWars. Lastly, the biggest headlines to get into your weekend. 

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00:00 - Welcome Ann Berry! 

03:00 - Meta Antitrust Trial 

07:45 - Disney Streaming Up 

12:30 - EVs Tax Credit Over?

18:30 - The Onion Takes Over Infowars 

23:00 - Headlines To Know

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