|
The
Federal Trade Commission said Tuesday it will appeal the
November ruling in favor of Meta in its antitrust case against
the social media giant.
The FTC said it continues to allege that, for more than a
decade, Meta Platforms Inc. has “illegally maintained a
monopoly” in social networking through anticompetitive conduct
"by buying the significant competitive threats it identified in
Instagram and WhatsApp.”
Meta had prevailed over the existential challenge to its
business that could have forced the tech giant to spin off
Instagram and WhatsApp after a judge ruled that the company does
not hold a monopoly in social networking.
U.S. District Judge James Boasberg issued his ruling on Nov. 18
after the historic antitrust trial wrapped up in late May. His
decision runs in sharp contrast to two separate rulings that
branded Google an illegal monopoly in both search and online
advertising, dealing regulatory blows to the tech industry that
for years enjoyed nearly unbridled growth.
In a statement, Meta said the court's decision "to reject the
FTC’s arguments is correct, and recognizes the fierce
competition we face. We will remain focused on innovating and
investing in America.”
All contents © copyright 2026 Associated Press. All rights reserved
|
|
