US judge rules Meta purchases of Instagram and WhatsApp did not stifle competition

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A federal judge ruled in favor of Meta Platforms on Tuesday, saying the company did not illegally stifle competition by buying Instagram and WhatsApp, giving Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump’s first term.

The ruling is a major setback for the US Federal Trade Commission, which is pursuing a separate antitrust case against Amazon. The agency sought to force Meta to restructure or sell Instagram and WhatsApp in order to restore competition among social media networks.

Meta argued at trial…



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US judge rules Meta purchases of Instagram and WhatsApp did not stifle competition



A federal judge ruled in favor of Meta Platforms on Tuesday, saying the company did not illegally stifle competition by buying Instagram and WhatsApp, giving Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump’s first term.

The ruling is a major setback for the US Federal Trade Commission, which is pursuing a separate antitrust case against Amazon. The agency sought to force Meta to restructure or sell Instagram and WhatsApp in order to restore competition among social media networks.

Meta argued at trial…



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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