Meta has won the antitrust case brought by the US Federal Trade Commission that threatened to break apart the company after a judge ruled the social media giant does not hold an illegal monopoly.
Judge James Boasberg said the regulator had failed to sufficiently prove that Meta had maintained monopoly power by adopting a “buy-or-bury” strategy, in an order on Tuesday.
The ruling marks a major blow to the FTC’s efforts to rein in Big Tech. The agency had sought to force the $1.5tn tech company to unwind its acquisitions of messaging platform WhatsApp and photo-sharing app Instagram.
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