Meta Wins FTC Lawsuit, Keeps Instagram, WhatsApp

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Meta Wins FTC Lawsuit, Keeps Instagram, WhatsApp

Markets & Money Today | 2 Min News | The Daily News Now!

1 minute 51 seconds

5 hours ago

Meta Wins FTC Lawsuit, Keeps Instagram, WhatsApp

A federal judge has ruled in favor of Meta, dismissing the FTCs antitrust lawsuit seeking to force the company to sell off Instagram and WhatsApp. The judge found insufficient evidence to prove Meta bought these platforms to eliminate competition, and criticized the FTC for not clearly defining the relevant market. The ruling allows Meta to retain ownership of its key platforms, maintaining its current business strategy.

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