Meta Platforms, Facebook’s parent company, wins against the U.S. attempt to break up its acquisitions of Instagram and WhatsApp, denying a social media monopoly. The ruling is a blow to the FTC’s antitrust efforts and marks a victory for Big Tech amid growing regulatory scrutiny. Shares dip slightly after the news.

Meta argues that acquiring innovative companies is a valid business strategy in the evolving social media landscape. Judge Boasberg agrees, noting the changing nature of the industry with the rise of platforms like TikTok and YouTube. The ruling challenges the FTC’s exclusion of these platforms in their case against Meta’s dominance.

The ruling is a setback for the FTC’s antitrust efforts against Big Tech, including cases against Google and Apple. Meta maintains its commitment to innovation and investment in America, as it continues to navigate regulatory challenges. The decision highlights the complexities of regulating tech giants in a rapidly changing digital environment.

Read more at Yahoo Finance: Meta defeats antitrust case over Instagram, WhatsApp acquisitions