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business10h ago
A federal judge rules Meta isn't a monopoly, keeping its social media empire intact
- A federal judge ruled Meta did not form a monopoly through its Instagram and WhatsApp acquisitions.
- The ruling means Meta will not be forced to divest Instagram and WhatsApp.
- Judge James Boasberg emphasized competition from rivals like TikTok and YouTube.
- The FTC argued Meta’s acquisitions were part of a ‘buy or bury’ strategy to dominate the market.
- The court noted the market definition was contested and that the industry is evolving.
- FTC originally filed the case at the end of the Trump administration and continued under Biden.
- Meta officials said the decision shows fierce competition and American innovation.
- The ruling does not address all possible antitrust concerns but focuses on the monopoly claim.
- The decision avoids forced divestitures of Instagram or WhatsApp.
- The case began in 2020 and centered on Meta's acquisitions since 2012 and 2014.
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