Meta's headquarters in Menlo Park, California. Photo: Marc Olivier Le Blanc 
Jennifer Newstead served as legal adviser to the State Department before joining Meta as legal chief in 2019. Courtesy photo Meta CLO Blasts FTC Antitrust Suit, Says Agency Shouldn't 'Punish Companies for Innovating'
The tech giant argues that the government is defining the social media market in a "contrived" way that ignores the reality that features offered by its apps are available across the internet.
April 08, 2024 at 07:45 AM
4 minute read
What You Need to Know
- The Federal Trade Commission and more than 40 states sued Meta in 2020, alleging that it had monopolized the social media market.
- A judge threw out the case in 2021, but a refiled version survived a motion to dismiss in 2022.
- Now, Meta is arguing that the facts weigh so heavily in its favor that a judge should rule in its favor without a trial.
Meta Chief Legal Officer Jennifer Newstead on Friday lashed out at the Federal Trade Commission's lawsuit charging her company has an illegal stranglehold on social media, saying the FTC is defining that market in a nonsensical way and objecting to acquisitions the agency itself cleared years ago.
"The FTC's message in this case is clear: no deal is ever truly final, and businesses can be punished for innovating to give people greater value and choice," Newstead wrote in a company blog post.
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