"Meta scored a major win on Tuesday after a federal judge ruled that it is not a social networking monopoly, shooting down an argument from the US Federal Trade Commission that it should be forced to spin off two of its most popular platforms. The Federal Trade Commission sued Meta in 2020, accusing it of violating antitrust law by acquiring nascent, would-be rivals Instagram and WhatsApp to avoid having to compete with them."
"Federal judge James Boasberg agreed with the company's argument in his Tuesday opinion, saying that TikTok and YouTube prevent Meta from monopolizing the social network market. He also noted that Meta's apps and the social media landscape have changed since the FTC filed its case, most recently because of AI-generated content, which undermined the agency's arguments. Meta holds no monopoly in the relevant market, he wrote."
A federal judge ruled that Meta is not a social networking monopoly and denied the FTC's attempt to force the divestiture of Instagram and WhatsApp. The FTC sued Meta in 2020, alleging antitrust violations from acquisitions of Instagram and WhatsApp. The seven-week trial included testimony from Meta CEO Mark Zuckerberg, who cited competition from YouTube and TikTok. Judge James Boasberg found that TikTok and YouTube prevent Meta from monopolizing the social network market and said changes like AI-generated content weakened the FTC's arguments. Meta totals about 3.3 billion daily users across platforms, with Facebook declining while Instagram and WhatsApp remain central to revenue and business use.
Read at www.cnn.com
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