3 chapters across the catalog
In a federal antitrust filing, Meta revealed that the vast majority of time spent on Facebook and Instagram is now dedicated to watching short-form videos rather than social networking with friends. Only 7% of Instagram activity involves consuming content from followed accounts, as AI algorithms prioritize recommended videos to compete with TikTok. This shift marks the transition of social media platforms into personalized television services.
EU Fines Against Apple and Meta for DMA Violations
The European Commission has fined Apple $570 million and Meta nearly $230 million for violating the Digital Markets Act (DMA). The rulings target Apple's App Store restrictions and Meta's "consent or pay" advertising model, which the EU argues restricts consumer choice. Meta has countered that the EU is unfairly targeting successful American businesses while allowing Chinese competitors to operate under different standards.
The Federal Trade Commission (FTC) filed a complaint to block Meta (formerly Facebook) from acquiring "Within Unlimited," the developer of the virtual reality fitness app "Supernatural." Regulators argue the deal would hurt competition in the VR market, while Meta claims the move is based on "ideology and speculation." The hosts question the existence of a significant VR market and contrast this with the government's failure to block the Instagram acquisition years ago.
