"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.""
"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."
The Federal Trade Commission announced it will appeal the November ruling that favored Meta in the agency's antitrust case. The FTC continues to allege that, for more than a decade, Meta illegally maintained a monopoly in social networking by acquiring significant competitive threats, specifically Instagram and WhatsApp. U.S. District Judge James Boasberg ruled on Nov. 18 after a historic trial concluded in late May that Meta does not hold a monopoly, averting potential forced spin‑offs. That decision contrasts with separate rulings that found Google an illegal monopoly in search and online advertising. Meta said the court correctly rejected the FTC's arguments and emphasized ongoing competition and continued investment.
Read at San Diego Union-Tribune
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