"The Federal Trade Commission "continues to insist that Meta competes with the same old rivals it has for the last decade, that the company holds a monopoly among that small set, and that it maintained that monopoly through anticompetitive acquisitions," Boasberg wrote in his ruling. "Whether or not Meta enjoyed monopoly power in the past, though, the agency must show that it continues to hold such power now. The Court's verdict today determines that the FTC has not done so.""
"True to that maxim, Facebook has systematically tracked potential rivals and acquired companies that it viewed as serious competitive threats. During his April testimony, Zuckerberg pushed back against the FTC's contention that Facebook bought Instagram to neutralize a threat. In his line of questioning, FTC attorney Daniel Matheson repeatedly brought up emails - many of them more than a decade old - written by Zuckerberg and his associates before and after the acquisition of Instagram."
U.S. District Judge James Boasberg ruled that Meta does not hold a monopoly in social networking, rejecting the Federal Trade Commission's effort to force a breakup of Instagram and WhatsApp. The court found the FTC failed to show current monopoly power despite alleging that Meta maintained dominance through anticompetitive acquisitions. The FTC argued Facebook followed CEO Mark Zuckerberg's 2008 maxim to buy rather than compete and systematically tracked and acquired potential rivals. Zuckerberg testified and sought to downplay decade-old emails cited by the FTC, saying early notes did not capture his full interest in Instagram. The decision follows separate rulings that branded Google an illegal monopoly.
Read at ABC7 Los Angeles
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