FTC chair notes rise in deal activity, labels Meta as monopoly

Investing.com -- FTC Chair Andrew Ferguson, in a recent interview with Fox Business, has highlighted an increase in deal activity and labeled Meta as a ’monopoly’.

Ferguson, in the interview conducted on April 14, expressed his view that mergers and acquisitions (M&A) are beneficial for the US economy. His comments came amidst a noticeable uptick in such activity, which he acknowledged during the discussion.

In a significant statement, Ferguson also labeled Meta, the parent company of Facebook (NASDAQ:META), as a ’monopoly’. The FTC Chair did not mince words while expressing this viewpoint about one of the most influential tech companies in the world.

Furthermore, Ferguson indicated that he does not anticipate a decrease in cross-border deals. He noted that, contrary to some expectations, there has not been a decline in such transactions.

The interview concluded with Ferguson reiterating the FTC’s observation of a rise in deal activity. His comments provide an insight into the current state of the business environment from the perspective of the FTC.

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