Meta Stock in Focus -- Tech Giant Crushes FTC in High-Stakes Antitrust Battle
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Meta won a major antitrust case as U.S. District Judge James Boasberg ruled the FTC did not prove Meta holds monopoly power in social networking. The case focused on Meta's acquisitions of Instagram and WhatsApp. The judge cited competition from TikTok and YouTube. The decision ends a multi-year battle, preventing the FTC from forcing divestiture. Regulators are reviewing options. Meta's stock showed little change.
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