Meta, FTC
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Today, Jefferies analyst Brent Thill published a note on Meta, reiterating his "Buy" rating and a $910 price target. That would mark about a 45% gain over yesterday's closing stock price.
The FTC hopes the US Court of Appeals for the District of Columbia will agree that “robust evidence at trial” showed that Meta’s acquisitions were improper. In the initial trial, the FTC sought a breakup of Meta’s apps, with Meta risking forced divestments of Instagram or WhatsApp.
Brazil's competition watchdog has ordered WhatsApp to put on hold its policy that bars third-party AI companies from using its business API to offer chatbots on the app. The agency has also started an investigation against the company to determine if the policy is anti-competitive.
Meta Platforms and WhatsApp have moved the Supreme Court (SC) challenging a Rs 213.14 crore fine imposed by the Competition Commission of India (CCI) over WhatsApp’s 2021 privacy policy.
Following regulatory scrutiny, Meta has confirmed that the third-party LLM ban on WhatsApp won’t apply to users in Italy and Brazil.
Meta’s WhatsApp AI restrictions spark a Comesa probe, raising concerns over market foreclosure, and the future of AI innovation