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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. Judge james boasberg ruled on tuesday that meta did not create an illegal social media monopoly when it purchased instagram and whatsapp. Meta scored a major win on tuesday after a federal judge ruled that it is not a social networking monopoly, shooting down an argument from the us federal trade commission that it should be forced.
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A us judge dismissed the federal government’s antitrust lawsuit against meta on tuesday, ruling that the tech giant’s acquisition of instagram and whatsapp did not constitute an illegal monopoly in social media District court judge james boasberg wrote that the ftc did not prove that meta was violating antitrust law when it bought instagram for $1 billion in 2012, and. A us judge dismissed the federal government’s antitrust lawsuit against meta on tuesday, ruling that the tech giant’s acquisition of instagram and whatsapp did not constitute an.
Meta did not break the law when it bought nascent rivals instagram and whatsapp, a federal judge said tuesday, handing a major win to the $1.51 trillion company and dealing a blow to the government’s efforts to rein in the power of tech giants.
In an opinion released tuesday, u.s