"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.""
"'It is better to buy than compete.' 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 claims 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."
A federal judge ruled that Meta does not hold a monopoly in social networking, rejecting the Federal Trade Commission's request to force divestitures of Instagram and WhatsApp. The FTC argued that Meta maintained monopoly power by acquiring potential rivals and cited Mark Zuckerberg's 2008 remark "It is better to buy than compete." Judge James Boasberg said the agency must show current monopoly power and concluded it failed to do so. The ruling contrasts with separate court findings that Google illegally monopolized search and online advertising. Zuckerberg testified and sought to downplay decade-old internal emails about acquisition strategy.
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