Judge Rules For Meta In FTC’s Antitrust Case That Challenged Acquisition Of Instagram And WhatsApp
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A federal judge on Tuesday ruled in favor of Meta as it fought a Federal Trade Commission antitrust challenge of its acquisitions of Instagram and WhatsApp.
In a lengthy ruling, U.S. District Judge James Boasberg wrote, “The Court ultimately concludes that the agency has not carried its burden: Meta holds no monopoly in the relevant market.”
Read the Meta antitrust decision.
The decision is a blow to the FTC, which brought the case as part of a series of challenges to the power of the tech giants.
In a statement, a Meta spokesperson said that the decision “recognizes that Meta faces fierce competition. Our products are beneficial for people and businesses and exemplify American innovation and economic growth.”
More to come.
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