US: Meta wins major antitrust case, avoids forced break-up
Meta, formerly Facebook, secured a victory in a major antitrust case brought by the FTC. The judge ruled that the tech giant did not currently hold monopoly power, dismissing claims that its acquisitions of Instagram and WhatsApp were solely to eliminate competition. The court acknowledged the evolving social media landscape where platforms now offer similar features.
Meta, formerly Facebook, secured a victory in a major antitrust case brought by the FTC. The judge ruled that the tech giant did not currently hold monopoly power, dismissing claims that its acquisitions of Instagram and WhatsApp were solely to eliminate competition. The court acknowledged the evolving social media landscape where platforms now offer similar features.
