Mark Zuckerberg’s Meta dodged a forced selloff of Instagram and WhatsApp after beating the Federal Trade Commission’s landmark antitrust case on Tuesday.
US District Judge James Boasberg, who presided over the bench trial in Washington, DC, federal court, said the FTC’s attorney had failed to prove their argument that Meta held a monopoly over social media sites built on “friends-and-family” connections.
“The Court ultimately concludes that the agency has not carried its burden: Meta holds no monopoly in the relevant market,” Boasberg wrote. “Judgment must therefore be entered in its favor.”
The ruling capped a five-year legal saga for Meta, which was accused of utilizing a “buy or bury” strategy to acquire upstart firms before they could threaten its empire.
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