Liza Lovdahl Gormsen
Business & Economy
The Dawning of the Chinese Era! Mark Zuckerberg and his Meta will have hard times ahead!
In December 2020, the U.S. Federal Trade Commission (FTC) sought to break up Meta and to unwind acquisitions of Instagram in 2012 and WhatsApp in 2014. Unfortunately, Judge James E. Boasberg found that FTC had not plausibly supported its case, and thus could not proceed. Under the new chair Lina Khan FTC re-filed with more evidence and now the case has been approved for trial. But now TikTok is the new champion. In 2021, it was the most visited website in the world.
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