Reported 10 days ago
Meta Platforms Inc. is set to face a diminished antitrust trial after a federal judge dismissed some claims from the US Federal Trade Commission (FTC), yet left key allegations regarding its acquisitions of Instagram and WhatsApp intact. Judge James Boasberg acknowledged certain business justifications for Meta's actions but ruled that the core issues of market dominance and competition remain to be resolved in court. Meta maintains its defense will demonstrate that these acquisitions foster competition, while the FTC asserts that this case is vital for restoring fair competition in social media.
Source: YAHOO