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Meta’s acquisitions of instagram and whatsapp did not illegally stifle competition in social networking, a judge found, a major win for the tech giant. A us judge dismissed the federal government's antitrust lawsuit against meta on tuesday, ruling that the tech giant's acquisition of instagram and whatsapp did not constitute an illegal monopoly in social media.judge james boasberg of the federal district court in washington concluded that meta faces sufficient competition from rivals tiktok and youtube, preventing the company from exercising. Meta’s acquisition of instagram and whatsapp did not create an illegal social media monopoly, a federal judge ruled tuesday, a decision that solidifies the future of the $1.5 trillion tech giant.
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A federal judge ruled tuesday that the company’s purchases of instagram (in 2012) and whatsapp (in 2014) didn’t stifle competition, killing the federal trade commission’s attempts to unwind. Federal judge on tuesday ruled meta did not break antitrust laws by illegally stifling competition through its purchases of instagram and whatsapp, a defining win for the tech giant as it. A federal judge rules the ftc failed to prove meta monopolized social media through its purchases of instagram and whatsapp.
