Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.
David Paul Morris | Bloomberg | Getty Images
Meta won its a high-profile antitrust case against the Federal Trade Commission, which had accused the company of holding a monopoly in social networking.
Chief Judge of the District Court James Boasberg wrote a memorandum opinion released Tuesday that the FTC failed to show that Meta held monopoly in the social networking market.
The case, initially filed by the FTC five years ago, centered on Meta’s acquisitions of Instagram and WhatsApp.
“”Whether or not Meta enjoyed monopoly power in the past, though, the agency must show that it continues to hold such power now,” Boasberg said in the legal document said. “The Court’s verdict today determines that the FTC has not done so. A judgment so stating shall issue this day.”
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