"The FTC 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.""
"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 will appeal a November ruling that found in favor of Meta in an antitrust case. The FTC alleges that for more than a decade Meta Platforms Inc. illegally maintained a monopoly in social networking by acquiring significant competitive threats such as Instagram and WhatsApp. A judge ruled that the company does not hold a monopoly after a historic antitrust trial that concluded in May. The decision contrasts with separate rulings that found Google an illegal monopoly in search and online advertising. Meta stated the court correctly rejected the FTC's arguments and emphasized continued innovation and investment in America.
Read at Newsday
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