Meta’s victory opens the way for Silicon Valley to go deal shopping
In Silicon Valley, the CEOs of big tech companies in recent years have abided by an unspoken rule. Spending vast sums of money to swallow up competitors was off the table. Even snapping up the smallest of startups could bring unwanted regulatory attention.
After this week, that tacit understanding may no longer be in effect.
On Tuesday, a federal judge ruled that Meta had not illegally stifled competition when it bought two nascent rivals, Instagram and WhatsApp, more than a decade ago.
