FTC Chair Labels Meta Platforms as a Monopoly

According to PANews, the Chair of the U.S. Federal Trade Commission (FTC) has stated that Meta Platforms is "definitely" considered a monopoly. This assertion highlights ongoing concerns about the company's dominant position in the market. The FTC has been scrutinizing Meta's business practices as part of its broader efforts to regulate major technology firms. The statement underscores the regulatory challenges facing Meta as it navigates antitrust investigations and potential legal actions.