Meta Heading to Antitrust Trial Over IG, Whatsapp & Disney+ Rallies With 4.4M Subs
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What is the Meta antitrust trial about?
Good morning, Brew Daily Show. I'm Kyle Heggie. And I'm Anne Barry. Today, Meta is heading to an antitrust trial. What that means for their ownership of Instagram and WhatsApp.
And Disney's latest earnings have investors excited. Have they finally gotten their streaming legs under them? It's Friday, November 15th.
Let's ride. So it is Friday, and we actually are making Morning Brew Daily history because there's no Neil. There's no Toby. They're slacking off. They're out somewhere having fun. It's me and Ann Barry locked in the studio. And Ann, the audience might know me a little bit, but they may not know you for Morning Brew Daily show. So tell us a little bit about yourself.
Thanks, Carl. First of all, I miss Neil and Toby. So shout out to them. Who doesn't? So I am really involved here in brew markets where we are focusing on the hottest stories coming out of public stocks. And we do a ton of great work. We have a newsletter. We are building on social. Come find us on Instagram. Come find us on X. And there's a lot more to come. So working hard.
How is Disney performing in the streaming market?
Also host, just like you do, another podcast here at Morning Brew. It's called After Earnings. That's where we have in-depth conversations with public company executives that retail investors often don't get to have. So we're trying to unpack that for folks.
I love it. Well, Anne is probably the smartest person at Morning Brew. So this is going to be a really fun conversation. We actually are talking a lot about earnings today. So you're going to be right in your sweet spot. And I have to compete with this accent. So I'm a little nervous, but let's get into it.
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What changes are coming for electric vehicle tax credits?
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We are about to find out who is stronger, the U.S. Federal Trade Commission or Mark Zuckerberg in his wife guy era. Now, why is that? It's because Meta must face trial over claims it overpaid in its purchase of Instagram and WhatsApp to crush emerging competitors. This strategy is often called buy or bury, no relation to the co-host and Barry, where a company basically says, Now, for reference, Meta bought Instagram in 2012 for a cool $1 billion, and they bought WhatsApp in 2014 for 19 times that, for $19 billion. Now, the history of the case, the FTC and 48 states' attorneys general's. sued Meta in 2020 during the first Trump administration.
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Chapters
5 chapters
1
What is the Meta antitrust trial about?
0:44–1:47
2
How is Disney performing in the streaming market?
1:47–2:44
3
What changes are coming for electric vehicle tax credits?
2:44–4:19
4
What does The Onion's acquisition of InfoWars mean?
4:19–5:26
5
What are the key weekend headlines to know?
5:26–28:22
Speakers
3 identifiedMore from Morning Brew Daily
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