FTC’s Antitrust Case Against Meta’s Acquisitions of Instagram and WhatsApp

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Meta wins FTC antitrust trial over acquisition of Instagram and WhatsApp

  • Judge James Boasberg ruled that Meta doesn’t hold monopoly power.

    “With apps surging and receding, chasing one craze and moving on from others, and adding new features with each passing year, the FTC has understandably struggled to fix the boundaries of Meta’s product market,” US District Judge James Boasberg ruled (page 89). “Whether or not Meta enjoyed monopoly power in the past, though, the agency must show that it continues to hold such power now. The Court’s verdict today determines that the FTC has not done so."

  • Boasberg ruled that TikTok is Meta’s fiercest competitor.

    “Today, that app holds center stage as Meta’s fiercest rival,” he wrote.

  • The decision was expected though the ruling interrupted a sell-off in Meta in Meta stock for a few hours.

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