Meta wins FTC case over its Instagram and WhatsApp buys
Meta’s decade-old spending spree just survived the government’s biggest swing at it. A federal judge ruled Tuesday that the company’s purchases of Instagram (in 2012) and WhatsApp (in 2014) didn’t stifle competition, killing the Federal Trade Commission’s attempts to unwind the deals years later. The ruling is a decisive win for Meta, as U.S. District Judge James Boasberg said the FTC failed to prove that Meta holds monopoly power in the “personal social networking” space today or that the two acquisition ...