Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Meta prevails in antitrust case after judge rules it is not a monopoly

Meta prevails in antitrust case after judge rules it is not a monopoly

Bitget-RWA2025/11/18 23:06
By:Bitget-RWA

After a legal battle spanning five years, Meta has prevailed in a lawsuit brought by the U.S. Federal Trade Commission (FTC) regarding its purchases of Instagram and WhatsApp.

On Tuesday, U.S. District Court Judge James Boasberg issued an opinion stating that the FTC failed to demonstrate Meta breached antitrust regulations when it acquired Instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014.

The FTC did present evidence indicating that Meta — then operating as Facebook — was wary of Instagram’s rapid expansion and the threat it posed as a competitor.

“One perspective is that what we’re actually purchasing is time,” Mark Zuckerberg stated in a February 2012 internal Facebook email revealed during the proceedings. “Even if new rivals emerge, acquiring Instagram, Path, Foursquare, and others now provides us with a year or more to absorb their features before anyone else can reach their scale.”

However, Judge Boasberg’s decision focused not on whether Meta was a monopoly at the time of the acquisitions, but on whether it currently holds a monopoly. He referenced platforms like TikTok as proof that Meta faces competition.

“The environment that existed five years ago, when the FTC initiated this antitrust action, has shifted significantly,” Boasberg noted in his memorandum. “Where it once seemed logical to separate apps into distinct categories of social networking and social media, that division has since dissolved.”

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Update: Litecoin Faces Crucial $101.50 Barrier—Will It Surge or Retreat?

- Litecoin tests $96 support with $101.50-$105 levels critical for breakout/consolidation. - Technical analysis highlights multi-year accumulation patterns and Bitcoin correlation influencing price action. - Analysts debate $100-$125 near-term targets vs. $140-$400 long-term goals depending on Bitcoin stability. - Market remains divided between bullish historical parallels and caution over potential 20-30% retracements.

Bitget-RWA2025/11/19 04:54
Bitcoin News Update: Litecoin Faces Crucial $101.50 Barrier—Will It Surge or Retreat?

Solana News Update: Solana Weighs ETF Hopes Amid Intensifying Bear Market Challenges

- Solana (SOL) faces critical juncture with ETF inflows ($357.8M for Bitwise BSOL) contrasting 15.6% 7-day price decline to $141.10. - Technical indicators show mixed signals: oversold RSI (33.66) suggests short-term rebound potential, but key support levels ($134.79) remain vulnerable. - Institutional staking yields ($342K Q3 rewards) and disciplined capital management highlight resilience amid broader crypto ETF outflows ($492M for Bitcoin). - Market focus on $130–$140 range: sustained rebound could reig

Bitget-RWA2025/11/19 04:54
Solana News Update: Solana Weighs ETF Hopes Amid Intensifying Bear Market Challenges

Centralized Web's vulnerability revealed as the need for decentralization intensifies

- Cloudflare's bot detection system error caused a 20% global outage, disrupting major crypto platforms and exposing centralized infrastructure vulnerabilities. - Vitalik Buterin reiterated decentralization calls hours before the incident, highlighting risks of single-point failures in systems like AWS and Cloudflare . - Quantum computing threats to legacy crypto systems resurfaced, with experts urging post-quantum upgrades as decentralized web advocates intensified calls for trustless infrastructure. - Cl

Bitget-RWA2025/11/19 04:54
Centralized Web's vulnerability revealed as the need for decentralization intensifies

Aster News Today: Major Crypto Investor Switches from Shorting ASTER to Going Long on ETH/XRP, Incurring $5 Million in Losses

- Hyperliquid's 0x9ee whale closed $44M ASTER short at breakeven, now holds $273M ETH/XRP longs with $5. 3M losses. - Whale's strategy shift reflects market volatility, buying undervalued crypto assets despite ongoing downturn risks. - ASTER surged 16% to $1.3700, with technical analysis highlighting $1.2900 supply zone as critical breakout threshold. - Derivatives data shows 5% OI increase to $615.78M, signaling strong retail demand for long positions in crypto market.

Bitget-RWA2025/11/19 04:54
Aster News Today: Major Crypto Investor Switches from Shorting ASTER to Going Long on ETH/XRP, Incurring $5 Million in Losses