Meta Seeks Out Secrets From Over 100 Companies to Win Antitrust Suit – Bloomberg

Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day.
Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe.
A former NFL player launches a series of side-hustles, including a fashion line that offers affordable, stylish suits. Then meet the man who started an academy aimed at developing the next generation of professional football players. Finally, the founder of a community boxing program looks to empower local youth while engaging donors through “white-collar boxing.”
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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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