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A federal judge has dismissed the Federal Trade Commission’s (FTC) antitrust lawsuit against Meta, concluding the agency failed to adequately demonstrate the tech giant holds an illegal monopoly in the social media market. The court’s decision highlighted the FTC’s inability to prove dominance in the evolving realm of “personal social networking,” citing the growing popularity and influence of platforms like TikTok. The ruling allows Meta to maintain ownership of its acquisitions, Instagram and WhatsApp, representing a significant victory for the company. This case underscores the difficulties in defining market boundaries and assessing competitive power in the rapidly transforming social media landscape.
