46 states in the United States have asked the court to reinstate their law lawsuit against Meta.
More than 46 states in the United States have asked the court to reopen a lawsuit against Meta that involved the purchase of Instagram and WhatsApp. The state's 2020 lawsuit was ultimately dismissed because to the timeliness of the submission. In 2012, Meta purchased Instagram, and then in 2014, it acquired WhatsApp. The states allege in their complaint that Whatsapp and Instagram's acquisition by Meta had a detrimental impact on the US economy and technology sector.
The states, led by the New York Solicitor General, have argued that they shouldn't be prevented from bringing the complaint because it is a class action. Alabama, Georgia, South California, and South Dakota do not belong to the group of states engaged in a legal dispute, according to a Bloomberg article. Barbara Underwood, New York's solicitor general, said it was improper to treat the states like class members and limit when they may file complaints.
Arguments in Meta
According to sources, Meta argued in court against the original petition in 2014 that the acquisition was well-publicized and that it did not violate any third-party policies. In court, the Federal Trade Commission contended that Meta tactics limited the growth of competing social media platforms. The state attorneys noted that the acquisition would reduce individual social networking options.
According to rumors, Meta's inventor lost half of his income this year and was dropped from the top twenty richest people in the world. Zuckerberg currently owns a portion of the Meta. Lace, which is defined as an unreasonable delay, protects the defendant on the grounds that the evidence may have expired as a result of the delay.