03:19 PM EDT, 04/05/2024 (MT Newswires) -- Meta Platforms ( META ) wants a lawsuit filed by the US Federal Trade Commission thrown out, arguing the agency has failed to demonstrate the company has operated as monopoly or used acquisitions to keep competitors from obtaining new technologies.

The FTC sued Meta in 2020, contending it had an illegal hold over social networks in the US. The regulator also wants the company to spin off Instagram and WhatsApp messaging subsidiaries, arguing it acquired those firms to keep them from amassing enough customers to eventually threaten Meta's market dominance.

"Most fundamentally, the FTC cannot prove that it has included all reasonable substitute services in its market definition," Meta's attorneys wrote in their request Friday for a summary judgment. "The FTC has the burden of proving that its candidate market includes all the services to which consumers would switch (by using more) in response to increases in price."

Judge James Boasberg in the US District Court for the District of Columbia has not yet scheduled the case for trial.

Price: 525.52, Change: +14.60, Percent Change: +2.86