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Meta Platforms Inc. is set to face a significant antitrust trial concerning its acquisitions of Instagram and WhatsApp, following a judge's decision to reject the company's plea to dismiss the case. The trial, which has been anticipated for years, comes amid broader scrutiny of the company's practices in the social media landscape. Judge Boasberg determined that the Federal Trade Commission (FTC) has provided sufficient evidence suggesting that Meta may have illegally monopolized the market for personal social networking services. This ruling allows dozens of states and hundreds of school districts to continue their lawsuits against Meta, which allege that its social media platforms contribute to a mental health crisis among youth. Meta has indicated plans to appeal various court rulings related to these lawsuits, as it navigates complex legal challenges on multiple fronts.
Judge Boasberg rejected Meta’s motion for summary judgment, finding that the FTC had presented evidence sufficient for a reasonable fact finder to conclude that Meta had illegally monopolized the market for “personal social networking services.” https://t.co/0Ph9UF27nK
The Delaware suit by Meta's insurers to free them from defending suits alleging the company deliberately designed addicting platforms follows a familiar legal playbook, but may influence other companies' odds in similar suits in the pivotal jurisdiction. https://t.co/GtemNo0g0m https://t.co/n3XevdXVJR
Mark Zuckerberg’s style team is probably assembling a binder full of earth-toned loose-fit suit options right now. A federal case against Meta’s acquisitions of Instagram and WhatsApp is greenlit for trial, a judge ruled on Wednesday. Here’s what’s happening: •The Federal Trade… https://t.co/aTspH2lOY8
