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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 not hold a monopoly in social networking. Meta’s huge win in court A federal judge ruled that the ftc failed to prove meta formed a monopoly through its acquisitions of whatsapp and instagram.
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Federal judge on tuesday ruled meta did not break antitrust laws by illegally stifling competition through its purchases of instagram and whatsapp, a defining win for the tech giant as it seeks to expand its dominance in the ai era The ftc claimed meta shouldn't have been allowed to buy instagram for $1 billion in 2012 and whatsapp for $19 billion in 2014, and the agency called for those units to be sliced off from the company. The victory means meta won't be forced to divest two of its biggest apps, which have billions of users worldwide.
Mark zuckerberg’s meta dodged a forced selloff of instagram and whatsapp after beating the federal trade commission’s landmark antitrust case.
A federal judge rules the ftc failed to prove meta monopolized social media through its purchases of instagram and whatsapp.
