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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. Boasberg rejected the federal trade commission’s argument that meta’s acquisitions of instagram and whatsapp violated antitrust laws. A federal judge ruled tuesday that meta does not have an illegal monopoly over personal social networking, finding the tech giant competes in a wider social media market that includes the likes of …
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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. In his decision, boasberg, chief judge of the u.s.