Federal court dismisses FTC’s bid to unwind Instagram from Facebook

-
facebook stock art
Illustration by Alex Castro / The Verge

On Monday, a US District Court dealt a huge blow to the federal government’s antitrust case against Facebook by dismissing a complaint filed against the company by the Federal Trade Commission. The lawsuit, filed late last year, sought to unwind Facebook’s acquisitions of Instagram and WhatsApp. The judge also dismissed an associated case filed by a group of state attorneys general.

In its initial complaint, the FTC alleged that Facebook violated federal antitrust laws by purchasing a would-be competitor in the social media market. But in his decision to dismiss the complaint Monday, Judge James E. Boasberg wrote that the FTC offered insufficient evidence for its central claim — that Facebook wields monopoly power.

Continue reading…



from The Verge - All Posts https://ift.tt/3y7twsd

Comments

Post a Comment

Popular posts from this blog

Adobe Acrobat Pro DC v2020.009.20074

-
Image
Adobe Acrobat Pro DC v2020.009.20074 Description Acrobat DC with Document Cloud services is packed with all the tools you need to convert, edit and sign PDFs. It’s just as mobile as you are. So you can start a document at work, tweak it on the train and send it for approval from your living room — seamlessly, simply, without missing a beat.It’s packed with smart tools that give you even more power to communicate. Create and edit PDF files with rich media included, share information more securely, and gather feedback more efficiently. Adobe Acrobat Pro DC software is the advanced way for business professionals to create, combine, control, and deliver more secure, high-quality Adobe PDF documents for easy, more secure distribution, collaboration, and data collection. DOWNLOAD HERE Adobe Acrobat Pro DC 2020 with Patch Features: Edit PDF files With Adobe Acrobat Pro DC, you can make minor edits to text and images right in your PDF file without requiring the original document o...
Read more

Play Monument Valley 2 game at home for free and avoid the Corona Virus

-
Image
In India, due to Corona virus at present, there has been a complete lockdown. Because of this, all the big stars, including old, young, young man, young woman, children, men, women, including all the big stars are also locked in the house. In today's time, all these people are getting bored due to being closed in the house for twenty four hours. In such a situation, the Monument Valley 2 game is going to be their support. This game was earlier bought at a price of 400 rupees but now the company has made this game available for free. Monument Valley 2 now available for free Play Monument Valley 2 game at home for free and avoid the Corona Virus Ustwo games, the app developers company that created this game, has made Monument Valley 2 game available for free to save people from boredom. Let us tell you that earlier users had to pay 400 rupees to download this game, but now users can download and play this game for free from Google Play Store and reduce or eliminate their day-long bor...
Read more