Meta Dodges Breakup: Federal Judge Rejects FTC's Forced Divestment Plan, Says No Monopoly Exists
In a landmark decision, a federal judge has sided with Meta, striking down the FTC's aggressive attempt to force the company to sell off Instagram and WhatsApp. Judge James Boasberg ruled that Meta does not hold an illegal monopoly in the social-media market, effectively dismantling the regulatory agency's core argument for a breakup.
The FTC had pursued a breakup strategy, claiming Meta purchased Instagram and WhatsApp specifically to crush emerging competitors and solidify its market dominance. H
In a landmark decision, a federal judge has sided with Meta, striking down the FTC's aggressive attempt to force the company to sell off Instagram and WhatsApp. Judge James Boasberg ruled that Meta does not hold an illegal monopoly in the social-media market, effectively dismantling the regulatory agency's core argument for a breakup.
The FTC had pursued a breakup strategy, claiming Meta purchased Instagram and WhatsApp specifically to crush emerging competitors and solidify its market dominance. H