Meta Subpoenas Rivals In Search Of Trade Secrets

Bloomberg News reports:

To defend itself against the federal government, Meta Platforms Inc. says it needs its rivals to divulge some of their most closely held secrets.

Facebook’s parent company has so far subpoenaed 132 companies for documents, including Snap Inc., ByteDance Ltd.’s TikTok and the audio startup Clubhouse, and has warned that it may seek information from 100 more.

The subpoenas have set off a cascade of legal challenges from Meta’s rivals, which accuse the company of using antitrust litigation as an excuse to dig through their confidential data.

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