Onavo

New documents from an ongoing class action suit against the company [Meta] over anticompetitive behavior reveal some of the specific ways it tackled rivals in recent years. 

One of them was using software made by a mobile data analytics company called Onavo in 2016 to access user activities on Snapchat, and eventually Amazon (AMZN) and YouTube, too. 

Instagram and Threads currently claims a market cap of $1.24 trillion, while Snapchat’s parent company Snap is worth just $19 billion. Snapchat has 800 million monthly active users, which pale in comparison to Facebook’s three billion and Instagram’s two billion.

Meta is one of the tech giants under antitrust investigation by the European Union. It’s one of the six companies (along with Apple (AAPL), Alphabet (GOOGL), Amazon, ByteDance and Microsoft (MSFT)) designated as “gatekeepers” in the digital economy under the E.U.’s newly enacted Digital Markets Act. 

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