"Meta Platforms Inc. won a key lawsuit Tuesday after a federal judge ruled that the company's acquisitions of the photo-sharing app Instagram and messaging service WhatsApp don't violate US antitrust law."
"US District Judge James Boasberg in Washington said the US Federal Trade Commission failed to prove the deals allowed the tech giant to illegally monopolize the social networking market."
Meta Platforms Inc. prevailed in a significant legal challenge concerning its purchases of Instagram and WhatsApp. A federal judge ruled that those acquisitions do not violate US antitrust law. US District Judge James Boasberg in Washington concluded that the US Federal Trade Commission failed to prove the deals allowed the company to illegally monopolize the social networking market. The court's finding rejects the FTC's burden of proof that the acquisitions produced an unlawful monopoly in the social networking sector.
Read at Bloomberg.com
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