Omidyar Network statement on FTC’s antitrust trial against Meta
Washington, DC – Omidyar Network welcomes today’s opening of the Federal Trade Commission’s landmark antitrust trial against Meta Platforms, signaling continued bipartisan commitment to robust antitrust enforcement across recent administrations.
“The FTC’s case against Meta underscores the critical importance of addressing anticompetitive practices that limit consumer choice and stifle innovation. Strong bipartisan support for antitrust enforcement—consistent across the last three administrations—is essential to ensuring an open and competitive marketplace. Such enforcement not only strengthens American technological leadership but also compels tech companies to become more responsive to consumer demands, including calls for increased online safety for children.”
— Gus Rossi, director at Omidyar Network
The FTC’s lawsuit addresses allegations that Meta systematically eliminated competitive threats through its acquisitions of Instagram and WhatsApp. If successful, this enforcement action would restore vital competition in social media, incentivize innovation, and promote greater accountability to consumer needs.
Omidyar Network believes sustained antitrust enforcement is vital to preserving vibrant markets where companies prioritize user safety, consumer welfare, and continuous innovation.
