The US Federal Trade Commission said it will appeal a federal judge’s decision that Meta Platforms Inc. doesn’t have a monopoly in social networking.
Judge James Boasberg ruled in November that Meta’s acquisitions of photo-sharing app Instagram and messaging service WhatsApp didn’t violate antitrust laws. His decision found the social networking giant didn’t illegally monopolize the market since it competes with Alphabet Inc.’s YouTube and TikTok.
“Meta violated our antitrust laws when it acquired Instagram and WhatsApp,” FTC spokesperson Joe Simonson said in a statement. “The staggering market power was on full display for everyone to see in 2020,” ...
