July 21, 2024



Judge dismisses FTC and state antitrust complaints against Facebook


By Salvadore Rodriguez

June 28, 2021

A federal court on Monday dismissed the Federal Trade Commission’s antitrust complaint against Facebook, as well as a parallel case brought by 48 state attorneys general, dealing a major setback for the agency’s complaint that could have resulted in Facebook divesting Instagram and WhatsApp.

Shares of Facebook rose more than 4% on Monday following the rulings, sending the social media company’s market capitalization above $1 trillion for the first time.

Read more…https://www.cnbc.com/2021/06/28/judge-dismisses-ftc-antitrust-complaint-against-facebook.html