Meta Secures Landmark Victory in Antitrust Case
A federal judge ruled in favor of Meta Platforms, dismissing allegations of illegal competition stifling via acquisitions. This verdict marks a significant setback for the FTC's broader antitrust campaign against Big Tech, highlighting the complexities of redefining legal boundaries in a rapidly evolving technological landscape.
In a pivotal ruling on Tuesday, a federal judge sided with Meta Platforms, rejecting claims that its acquisitions of Instagram and WhatsApp stifled competition illegally.
This decision represents a major triumph for Big Tech amidst the ongoing antitrust crackdown initiated during Donald Trump's presidency, signaling a challenge for regulators.
The U.S. Federal Trade Commission had pursued actions to force Meta to divest its acquisitions, but the court's ruling deemed their arguments as potentially overreaching established antitrust laws. Judge James Boasberg's ruling underscores the FTC's struggle to adjust legal frameworks to meet the realities of today's tech industry.
(With inputs from agencies.)
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