The Federal Trade Commission says it will appeal the Meta antitrust ruling

"The Federal Trade Commission said Tuesday it will appeal the November ruling in favor of Meta in its antitrust case against the social media giant.The FTC said it continues to allege that, for more than a decade, Meta Platforms Inc. has "illegally maintained a monopoly" in social networking through anticompetitive conduct "by buying the significant competitive threats it identified in Instagram and WhatsApp."Meta had prevailed over the 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."

"U.S. District Judge James Boasberg issued his ruling on Nov. 18 after the historic antitrust trial wrapped up in late May. His decision runs in sharp contrast to two separate rulings that branded Google an illegal monopoly in both search and online advertising, dealing regulatory blows to the tech industry that for years enjoyed nearly unbridled growth.In a statement, Meta said the court's decision "to reject the FTC's arguments is correct, and recognizes the fierce competition we face. We will remain focused on innovating and investing in America.""

The Federal Trade Commission said it will appeal a November ruling that favored Meta in the agency's antitrust case. The FTC alleges Meta illegally maintained a social networking monopoly for more than a decade by acquiring Instagram and WhatsApp. A judge ruled on Nov. 18 that Meta does not hold a social networking monopoly, avoiding potential divestiture of those apps. The ruling contrasts with separate decisions that found Google an illegal monopoly in search and online advertising. Meta said the court's rejection of the FTC's arguments recognizes fierce competition and that the company will continue innovating and investing in America. The Fast Company early-rate award deadline is Jan. 23.

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