Facebook reportedly considered acquiring video chat app Houseparty, but it abandoned the deal due to concerns around heightened antitrust scrutiny.
The company was in advanced discussions with Houseparty, but ended deal talks after it became clear that acquiring another social media company would be too risky, given Facebook's dominance in the space, the Times reported.Houseparty allows users to video chat with multiple users at once and is popular among those under the age of 24. The companyThe report comes as Facebook and other Silicon Valley giants face rising antitrust scrutiny from Washington and beyond. Last month, the U.S.
a broad antitrust review of online platforms that dominate internet search, social media and retail services.
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