FTC Appeals Dismissal of Meta Antitrust Case
The FTC seeks to revive its 2020 antitrust case against Meta, alleging illegal monopoly by acquiring Instagram and WhatsApp, with potential remedies including divestiture, the agency said.
- The Federal Trade Commission announced on Tuesday it will appeal the Nov. 18 ruling by U.S. District Judge James Boasberg that favored Meta Platforms Inc.
- The FTC's case centers on acquisitions dating to 2012 and 2014, alleging Meta illegally maintained a monopoly by buying Instagram and WhatsApp without blocking those deals before suing in 2020.
- U.S. District Judge James Boasberg found competition from TikTok undercuts Meta's monopoly claim, contrasting with rulings that branded Google an illegal monopoly.
- The FTC is pursuing structural remedies, including forcing Meta to sell Instagram and WhatsApp, citing `Consequently, American consumers have suffered from Meta's monopoly,' Joe Simonson said.
- Seen in a wider context, the dispute fits a wave of Big Tech enforcement President Donald Trump started, while Meta Platforms Inc. said the ruling recognizes fierce competition and vows to keep investing.
115 Articles
115 Articles
FTC to appeal court ruling on Meta win in monopoly case
By Leah Nylen and Josh Sisco, Bloomberg News The U.S. Federal Trade Commission said it will appeal a federal judge’s decision that Meta Platforms Inc. doesn’t have a monopoly in social networking. Judge James Boasberg ruled in November that Meta’s acquisitions of photo-sharing app Instagram and messaging service WhatsApp didn’t violate antitrust laws. His decision found the social networking giant didn’t illegally monopolize the market since it …
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