Post a Free Blog

Submit A Press Release

At CWEB, we are always looking to expand our network of strategic investors and partners. If you're interested in exploring investment opportunities or discussing potential partnerships and serious inquiries. Contact: jacque@cweb.com

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
Anime
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessMeta wins FTC antitrust lawsuit, to keep Instagram and WhatsApp, CWEB Business...

Meta wins FTC antitrust lawsuit, to keep Instagram and WhatsApp, CWEB Business News

Add to Favorite
Added to Favorite
Meta wins FTC antitrust lawsuit, to keep Instagram and WhatsApp, CWEB Business News

Meta Platforms has won a landmark antitrust case that was brought against it by the Federal Trade Commission (FTC). A judge has ruled in favour of Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp. The FTC had argued that the acquisition of Instagram and WhatsApp by Meta had violated antitrust laws as it had created a monopoly.

On Tuesday, US District Judge, James Boasberg said that the FTC was unable to prove that Meta held a monopoly in the social networking market. The judge also mentioned the changing landscape of social media since the case was filed five years ago. The opinion also said that the FTC had to show that Meta continued to hold a monopoly and not that it held such power in the past.

High profile executives from Meta including CEO, Mark Zuckerberg, and Instagram head, Adam Mosseri testified in court.

Meta spokesperson Andy Stone released a statement which said that the court decision had recognized that “Meta faces fierce competition.” It also stated that the social media platform was looking forward “to continuing to partner with the Administration and to invest in America.”

The FTC also released a statement. The agency’s spokesperson Joseph Simonson said that they were “deeply disappointed” in the decision, and that they would review all their options.

Meta will now remain the parent of both photo and video sharing app Instagram as well as messaging and calling service WhatsApp. Both these apps have gained more popularity, especially among the younger generation when compared with Facebook the original social media platform belonging to Meta.

Meta had acquired Instagram in 2012 and WhatsApp in 2014. CWEB analyst believe that it was a challenging case from the start as the changing landscape has added popular social media platforms, such as YouTube and TikTok as they also have billions of web fans. 

Celebrity WEB Update— Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins, and Herbs. Become a  WebFans  Creator and Influencer. Check the New Special XMicro Razors for Men & Women, 1 Razor, 7 Blade Refills with German Stainless Steel, Lubricated with Vitamin E for Smooth Shave, Shields Against Irritation, Version X Men|Women

Subscribe to get Latest News Updates

Latest News

You may like more
more