Department of Justice seeks to block further Twitter acquisitions
Elon Musk recently purchased the site and now wants to buy another social media giant
Company is accused of monopoly practices
Less than a month after Elon Musk completed his Twitter acquisition, the Department of Justice is suing to block another deal: the company's proposed purchase of the social media platform Discord. The suit alleges that the deal would give Twitter a monopoly over the social media market and harm competition.
The Justice Department's suit is the latest in a series of antitrust actions against tech giants. In recent years, the department has sued Google, Apple, and Meta (formerly Facebook) over their alleged monopoly practices. The department has argued that these companies have used their market power to stifle competition and harm consumers.
In the case of Twitter, the Justice Department alleges that the company's acquisition of Discord would give it too much control over the social media market. Twitter is already one of the most popular social media platforms in the world, with over 400 million active users. Discord is a popular chat and voice communication platform with over 150 million active users. The Justice Department argues that if Twitter were to acquire Discord, it would have a monopoly over both the social media and chat/voice communication markets.
The Justice Department's suit is a significant development in the antitrust landscape. It is the first time that the department has sued to block a social media acquisition. The suit is also a sign that the department is increasingly focused on antitrust enforcement in the tech sector.
Twitter has not yet commented on the Justice Department's suit. Discord has said that it is "confident" that the deal will be approved.
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