"continues to insist that Meta competes with the same old rivals it has for the last decade, that the company holds a monopoly among that small set, and that it maintained that monopoly through anticompetitive acquisitions,"
"Whether or not Meta enjoyed monopoly power in the past, though, the agency must show that it continues to hold such power now. The court's verdict today determines that the FTC has not done so."
"It is better to buy than compete."
A U.S. district judge concluded that Meta does not hold monopoly power in social networking, rejecting the FTC's request to force divestitures of Instagram and WhatsApp. The judge found that the FTC failed to prove Meta currently maintains monopoly power and that past influence does not satisfy the agency's burden to show present dominance. The FTC argued that Meta pursued anticompetitive acquisitions and tracked rivals to neutralize threats, citing CEO Mark Zuckerberg's remark "It is better to buy than compete." Zuckerberg denied acquiring Instagram to neutralize a threat during trial testimony.
Read at www.cbc.ca
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