Meta prevails in historic FTC antitrust case, wont have to break off WhatsApp, Instagram
News Source : Associated Press
News Summary
- U.S. District Judge James Boasberg issued his ruling Tuesday after the historic antitrust trial wrapped up in late May.
- His decision runs in sharp contrast to two separate rulings that branded Google an illegal monopoly in both search and online advertising.
- The federal agency had argued that Meta maintained a monopoly by pursuing an expression CEO Mark Zuckerberg made in 2008: “‘It is better to buy than compete’ True to that maxim, Facebook has systematically tracked potential rivals and acquired companies that it viewed as serious competitive threats”
SAN FRANCISCO (AP) Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does [+4025 chars]
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