Meta has won the antitrust case that could have forced it to spin off Instagram and WhatsApp
Meta has successfully avoided what was once the biggest existential threats to its company. A federal judge has sided with the social media company in a landmark antitrust case, ruling on Tuesday that the Federal Trade Commission (FTC) had not proven that Meta is a monopoly.The FTC filed antitrust charges against Meta, then known as Facebook, in 2020 during President Donald Trump's first term. The government had argued that by acquiring its one-time rivals, Instagram and WhatsApp, the company had hurt US consumers by stifling competition in the social media industry. Meta had argued that those services were only able to grow to the 1 billion-user apps because of its investment and had cited the rise of TikTok as proof that it continues to face strong competition.On Tuesday, US District judge James Boasberg ruled in favor of Meta. "Whether or not Meta enjoyed monopoly power in the past, though, the agency must show that it continues to hold such power now," he wrote. "The Court’s verdict today determines that the FTC has not done so."Developing…This article originally appeared on Engadget at https://www.engadget.com/social-media/meta-has-won-the-antitrust-case-that-could-have-forced-it-to-spin-off-instagram-and-whatsapp-184320742.html?src=rss
