Meta averted a breakup after a federal judge ruled the company is not a social networking monopoly, rejecting an FTC case that could have forced a spinoff of Instagram and WhatsApp. U.S. District Judge James Boasberg said prosecutors failed to prove Meta currently holds monopoly power, citing a fast-shifting market where TikTok now holds center stage as a rival. Mark Zuckerberg disputed claims that Instagram was bought to neutralize a threat. Meta called the decision recognition of fierce competition. An analyst warned regulatory battles remain. Meta shares were down slightly Tuesday.
Prepared by Christopher Adams and reviewed by editorial team.
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