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January 25, 2025 at 01:24 PM
🌐 Meta Secures NCLAT Relief on CCI’s WhatsApp Ban
✅ The National Company Law Appellate Tribunal (NCLAT) temporarily suspended the Competition Commission of India (CCI)'s directive banning data sharing between WhatsApp and its owner Meta for advertising purposes.
📉 Meta argued that the ban could lead to a "collapse" of WhatsApp's business model, affecting its operations in India, where it serves over 500 million users.
📊 The tribunal acknowledged the technical and business implications of the ban and delayed its enforcement until Meta's appeal is fully reviewed.
💰 Facebook India Online Services, Meta’s advertising arm, reported a revenue of $351 million in 2023-24, highlighting the Indian market's significance for its ad operations.
⚖️ This ruling provides temporary relief for Meta as the final decision is still pending.