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Meta Wins Antitrust Trial, No Breakup Required


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Federal Judge Rules Meta Doesnt Hold Monopoly in Social Networking MarketA federal judge has decided that Meta, the parent company of Facebook, Instagram, and WhatsApp, does not have a monopoly in the social networking market. This ruling comes after a significant antitrust trial, meaning Meta will not be required to sell off Instagram or WhatsApp. The judge stated that the Federal Trade Commission did not prove that Meta currently holds monopoly power, even if it might have in the past. This decision is a major win for Meta, especially after recent rulings that branded Google an illegal monopoly in both search and online advertising. The FTC had argued that Meta maintained its position by buying up potential rivals, but the judge noted that the social media landscape has changed dramatically since the FTC filed its lawsuit in 2020, with platforms like TikTok now being Metas fiercest rival. While this victory is a boost for Meta, the company still faces other regulatory challenges, including upcoming trials next year regarding childrens mental health on social networks.

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Global News Today | 2 Min News | The Daily News Now!By The Daily News Now!