Meta’s acquisition of instagram and whatsapp did not create an illegal social media monopoly, a federal judge ruled, a decision that solidifies the future of the $1.5 trillion tech giant Meta’s acquisitions of instagram and whatsapp, both completed over a decade ago, did not illegally disadvantage competitors, a federal judge ruled on tuesday. A federal judge rules the ftc failed to prove meta monopolized social media through its purchases of instagram and whatsapp.
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Meta’s acquisitions of instagram and whatsapp did not illegally stifle competition in social networking, a judge found, a major win for the tech giant.
