"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. A representative for Meta did not immediately respond to a message for comment Tuesday."
The Federal Trade Commission announced an appeal of the November ruling favorable to Meta in its antitrust case. The FTC alleges that for more than a decade Meta illegally maintained a monopoly in social networking by buying competitive threats including Instagram and WhatsApp. A judge ruled that Meta does not hold a monopoly in social networking, preventing potential divestiture of those acquisitions. U.S. District Judge James Boasberg issued the ruling on Nov. 18 after the antitrust trial concluded in May. The ruling contrasts with separate decisions that found Google an illegal monopoly in search and online advertising. Meta did not immediately respond to a request for comment.
Read at AP News
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