FTC Has the Resources to Take On Big Tech, Chairman Says
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The US Federal Trade Commission is gearing up for a trial next month to break up Meta Platforms Inc. and has the resources it needs to police the deep-pocketed tech sector despite a government-wide cost slashing effort, according to agency Chairman Andrew Ferguson.
“We’re gearing up for trial,” Ferguson told Bloomberg TV in response to a question about whether the FTC would take forward a case to force Meta to sell Instagram and WhatsApp. An eight-week trial is scheduled to start April 14. “We’ve got some of the FTC’s best lawyers on it and we’re getting ready to go.”