Meta did not violate antitrust law, judge rules

Meta did not break the law when it bought its nascent rivals Instagram and WhatsApp, a federal judge said Tuesday, handing a major win to the $1.51 trillion company and dealing a blow to the government’s efforts to rein in the power of tech giants.

Judge James E. Boasberg of the U.S. District Court of the District of Columbia said in an 89-page ruling that Meta did not create a monopoly in social networking through the acquisitions and that the market has continued to expand with rivals including TikTok and YouTube.

Read more

You may also like

Comments are closed.

More in IT