Meta has won the antitrust case that could have forced it to spin off Instagram and WhatsApp

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Meta has successfully avoided what was once the biggest existential threats to its company. A federal judge has sided with the social media company in a landmark antitrust case, ruling on Tuesday that the Federal Trade Commission (FTC) had not proven that Meta is a monopoly.

The FTC filed antitrust charges against Meta, then known as Facebook, in 2020 during President Donald Trump’s first term. The government had argued that by acquiring its one-time rivals, Instagram and WhatsApp, the company had hurt…



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Meta has won the antitrust case that could have forced it to spin off Instagram and WhatsApp


Meta has successfully avoided what was once the biggest existential threats to its company. A federal judge has sided with the social media company in a landmark antitrust case, ruling on Tuesday that the Federal Trade Commission (FTC) had not proven that Meta is a monopoly.

The FTC filed antitrust charges against Meta, then known as Facebook, in 2020 during President Donald Trump’s first term. The government had argued that by acquiring its one-time rivals, Instagram and WhatsApp, the company had hurt…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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