Meta Secures Landmark Antitrust Victory as Judge Rejects Monopoly Claims
Meta Platforms Inc. scored a decisive legal victory as a federal judge dismissed antitrust allegations that the company monopolizes social networking. U.S. District Judge James Boasberg ruled Meta 'holds no monopoly in the relevant market,' dealing a blow to the FTC's attempt to force divestiture of Instagram and WhatsApp.
The decision comes amid intense regulatory scrutiny of Big Tech, marking the first major courtroom win for the sector during the ongoing antitrust crackdown. Meta's stock traded at $598.39 following the ruling, which concluded a seven-week trial featuring testimony from CEO Mark Zuckerberg.
Judge Boasberg cited the dynamic competitive landscape, particularly the rise of TikTok and YouTube's continued dominance, as key factors in the decision. The ruling underscores how rapidly the social media environment has evolved since the FTC initially filed its case in 2020.
