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Federal judge rules meta does not have an illegal monopoly over personal social networking, citing competition from tiktok and youtube. The government alleged in the case that meta’s purchase of instagram and whatsapp evidenced the company’s strategy to systemically weed out competition in the social media space. 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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Meta’s acquisition of instagram and whatsapp did not create an illegal social media monopoly, a federal judge ruled, a decision that solidifies the future of the $1.5 trillion tech giant 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 acquisitions of instagram and whatsapp did not illegally stifle competition in social networking, a judge found, a major win for the tech giant.
