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A federal judge rules Meta isn't a monopoly, keeping its social media empire intact
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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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