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Overview
- U.S. District Judge James Boasberg in Washington denied the FTC’s bid to force divestitures of Instagram and WhatsApp.
- The decision cites competition from TikTok and YouTube as evidence that Meta lacks present-day monopoly power.
- The case, filed by the FTC in 2020, culminated in a seven-week trial featuring testimony from Mark Zuckerberg and Sheryl Sandberg.
- Meta welcomed the ruling, saying its products benefit users and businesses and expressing intent to keep investing in the United States.
- Meta shares pared losses in afternoon New York trading following the announcement.