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A federal judge ruled that the FTC failed to prove Meta formed a monopoly through its acquisitions of WhatsApp and Instagram.
The FTC claimed Meta shouldn't have been allowed to buy Instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014, and the agency called for those units to be sliced off from the company.
A US district judge on Tuesday ruled against the Federal Trade Commission in its antitrust lawsuit against social media giant Meta (META).
However, the FTC has a narrow definition of Meta’s competitive market, excluding companies like TikTok, YouTube and Apple’s messaging service from being considered rivals to Instagram and ...
Mark Zuckerberg’s Meta dodged a forced selloff of Instagram and WhatsApp after beating the Federal Trade Commission’s landmark antitrust case.
A federal judge rules the FTC failed to prove Meta monopolized social media through its purchases of Instagram and WhatsApp.
The Federal Trade Commission had sued Meta, accusing it of breaking antitrust law by acquiring Instagram and WhatsApp in a “buy or bury” strategy to cement its social networking dominance.
