US Judge Rules Meta Not Social Media Monopoly, Dismissing FTC Case
Washington District Court Judge James Boasberg stated that the FTC did not successfully demonstrate that Meta monopolized the market or maintained its dominance by acquiring competitors.
“The court ultimately finds that YouTube and TikTok belong in the product market, and they prevent Meta from holding a monopoly,” Boasberg wrote. “Even if YouTube is out, including TikTok alone defeats the FTC’s case.”
The judge concluded that Meta does not occupy a monopoly position in the pertinent market and issued a ruling favoring the company.
The FTC originally filed the lawsuit against Meta in 2020, claiming that the firm unlawfully strengthened its influence in the social media industry through its $1 billion purchase of Instagram in 2012 and its $19 billion acquisition of WhatsApp in 2014.
Meta also owns Facebook and Threads, further expanding its social networking portfolio.
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