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Meta wins antitrust trial as judge denies that it's a monopoly

In Brief After five years, Meta has emerged victorious from a U.S. Federal Trade Commission (FTC) lawsuit over its acquisitions of Instagram and WhatsApp.In an opinion released Tuesday, U.S. District Court Judge James Boasberg wrote that the FTC did not prove that Meta was violating antitrust law when it bought Instagram for 1billionin2012,andWhatsAppfor1 billion in 2012, and WhatsApp for 19 billion in 2014. The FTC did manage to surface evidence showing that Meta — then called Facebook — was concerned about Instagram’s fast growth ...