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0.00021465251060878 -6.60469263411053E-05 0.000115582121097122 2.47675973779145E-05 0.000396281558047007 -0.000544887142314494 -0.000231164242194056 -0.000231164242194056
Stock impact report

FTC says it will appeal Meta antitrust decision [Yahoo! Finance Canada]

Meta Platforms, Inc. - Class A (META) 
The FTC said it continues to allege that, for more than a decade, Meta Platforms Inc. has “illegally maintained a monopoly” in social networking through anticompetitive conduct "by buying the significant competitive threats it identified in Instagram and WhatsApp.” Meta had prevailed over the existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking. U.S. District Judge James Boasberg issued his ruling on Nov. 18 after the historic antitrust trial wrapped up in late May. His decision runs in sharp contrast to two separate rulings that branded Google an illegal monopoly in both search and online advertising , dealing regulatory blows to the tech industry that for years enjoyed nearly unbridled growth. A representative for Meta did not immediately respond to a message for comment Tuesday. The Associated Press Show less Read more
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