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Meta did not violate antitrust law, judge rules meta’s acquisitions of instagram and whatsapp did not illegally stifle competition in social networking, a judge found, a major win for the tech. Boasberg rejected the federal trade commission’s argument that meta’s acquisitions of instagram and whatsapp violated antitrust laws. 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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In an opinion released tuesday, u.s 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. 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.
