From CNET: Meta has won its antitrust case against the Federal Trade Commission. The FTC said Meta held an illegal monopoly in social networking -- centering on the company's acquisitions of WhatsApp and Instagram.
Judge James Boasberg of the US District Court for the District of Columbia released a memorandum opinion on Tuesday, stating that the FTC failed to prove its claims in court.
"Whether or not Meta enjoyed monopoly power in the past," Boasberg wrote in the filing, "the agency must show that it continues to hold such power now."
Boasberg initially dismissed the FTC's complaint in 2021, stating that the agency lacked sufficient evidence that Meta holds "market power" in the social networking industry. At the time, the FTC argued that "Facebook's course of conduct has eliminated nascent rivals," preventing "the benefits of competition, including increased choice, quality and innovation" from developing for US social media users.
View: Full Article
