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business1h ago
Meta prevails in historic FTC antitrust case, won't have to break off WhatsApp, Instagram
- Meta won a key antitrust ruling, with a judge saying the FTC failed to prove current monopoly power
- Judge Boasberg concluded Meta does not hold a current monopoly in social networking
- FTC argued Meta used acquisitions to neutralize rivals, but the court did not find current harms
- The ruling acknowledges a shifting landscape with TikTok as a major rival
- The decision notes that the antitrust landscape has changed since 2020
- Meta emphasized continued competition and commitment to American innovation
- The FTC had argued that Meta’s past buys helped deter entry by rivals
- Acquisitions of Instagram and WhatsApp were central to the debate but not deemed current violations
- Meta’s stock trading reflected market sentiment after the ruling
- The ruling could influence upcoming U.S. antitrust trials in tech
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