New York (CNN) — Meta scored a major win on Tuesday after a federal judge ruled that it is not a social networking monopoly, shooting down an argument from the US Federal Trade Commission that it should be forced to spin off two of its most popular platforms.
The Federal Trade Commission sued Meta in 2020, accusing it of violating antitrust law by acquiring nascent, would-be rivals Instagram and WhatsApp to avoid having to compete with them. The seven-week trial in the case saw testimony from a series of prominent figures, including Meta CEO Mark Zuckerberg, who argued that the company has plenty of competition from platforms including YouTube and TikTok.
“Meta holds no monopoly in the relevant market,” federal judge James Boasberg wrote in his Tuesday opinion.
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