New York
—
Meta scored a main win on Tuesday after a federal judge dominated that it is not a social networking monopoly, capturing down an argument from the US Federal Trade Commission that it ought to be compelled to spin off two of its hottest platforms.
The Federal Trade Commission sued Meta in 2020, accusing it of violating antitrust legislation by buying nascent, would-be rivals Instagram and WhatsApp to keep away from having to compete with them. The seven-week trial in the case noticed testimony from a sequence of outstanding figures, together with Meta CEO Mark Zuckerberg, who argued that the firm has loads of competitors from platforms together with YouTube and TikTok.
“Meta holds no monopoly in the relevant market,” federal judge James Boasberg wrote in his Tuesday opinion.
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