Its monopoly case loses after five years of fierce online competition.
Meta wins antitrust case against FTC, avoids spinning off WhatsApp and Instagram. Ruling allows Silicon Valley to pursue acquisitions.
A federal judge ruled against the Federal Trade Commission's antitrust suit accusing Meta of stifling competition by acquiring its rivals, ending a five-year legal battle. This decision may impact how big tech companies approach acquiring start-ups in the future. The ruling allows Meta to avoid the possibility of being broken up and marks a significant win for the company in the ongoing debate over antitrust issues in the tech industry.
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A federal judge ruled against the Federal Trade Commission's antitrust suit alleging that Meta had stifled competition by buying up its rivals.
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To avoid regulatory scrutiny, big tech companies had steered clear of buying start-ups outright. Meta’s antitrust win may change that thinking.
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The decision allows Instagram's parent company to avoid the prospect of the company breaking up
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A federal judge ruled against the Federal Trade Commission's antitrust suit alleging that Meta had stifled competition by buying up its rivals.
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The ruling denies the agency’s attempt to force the company to unwind its Instagram and WhatsApp acquisitions.
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Meta’s acquisitions of Instagram and WhatsApp did not illegally stifle competition in social networking, a judge found, a major win for the tech giant.
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Meta has won its case against the Federal Trade Commission, seven months after the trial began.