Meta Heading to Antiturst Trial Over IG, Whatsapp & Disney+ Rallies With 4.4M Subs
Morning Brew Daily
Key Insights
Why is Meta facing an antitrust trial over its acquisitions of Instagram and WhatsApp?
The FTC claims Meta overpaid for Instagram and WhatsApp to crush emerging competitors, a strategy known as 'buy or bury.'
How has the perception of Meta changed over time?
Initially, Meta faced bipartisan criticism, but recent PR shifts and changing market dynamics have altered public discourse, with less focus on Meta compared to other tech giants like X.
Why did Disney's stock perform well recently?
Disney reported strong earnings, with 4.4 million new Disney+ subscribers, boosted by the success of its parks and studio divisions, including record-breaking box office performances.
What challenges does Disney face in the post-Bob Iger era?
Succession planning is critical; Disney must find a capable successor to maintain its momentum, especially in the competitive streaming market.
Why might the Trump administration consider ending the $7,500 EV tax credit?
The Trump transition team is discussing ending the subsidy as part of broader tax reform, potentially to reduce government spending and support other policy priorities.
How might the end of the EV tax credit impact the electric vehicle market?
It could hurt Tesla and other EV makers, especially newer entrants, by reducing consumer incentives and making EVs less competitive against traditional vehicles.
Why did The Onion purchase InfoWars?
The Onion's bid was backed by the families of Sandy Hook victims, aiming to dismantle InfoWars and its harmful content, with additional support from a gun control group.
What is Netflix's strategy with live sports content?
Netflix is entering live sports to attract new subscribers and increase engagement, leveraging high-profile events like boxing matches and WWE broadcasts to compete with traditional sports networks.
Chapters
- Meta bought Instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014.
- The FTC and 48 states' attorneys general sued Meta in 2020, refining the lawsuit under the Biden administration.
- Meta argues that the case overlooks competition from TikTok, YouTube, X, and LinkedIn.
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