A federal judge rules in favor of Meta, dismissing FTC’s attempt to force the company to divest Instagram and WhatsApp. The judge cited intense competition from platforms like TikTok and YouTube, stating that Meta does not hold a monopoly in the social-networking market.

The FTC expresses disappointment and considers next steps after the ruling. A breakup would have impacted Meta’s advertising revenue from Instagram and user base from WhatsApp. CEO Mark Zuckerberg acknowledged Facebook’s declining relevance as Meta’s apps reach 3.3 billion daily users collectively.

Meta welcomes the decision, highlighting the company’s strong competition and commitment to innovation and economic growth. The ruling comes amidst increased regulatory scrutiny of Big Tech, with Google facing monopoly allegations and Apple and Amazon dealing with antitrust lawsuits.

Judge Boasberg emphasizes Meta’s declining share of social-media usage and the impact of TikTok as a major competitor. META stock trades at $587.34, down 1.73% on the NasdaqGS. The decision underscores the evolving dynamics in the social-networking market and Meta’s position within it.

Read more at Nasdaq: Judge Rules Meta Is Not A Monopoly, Rejecting FTC Bid To Break Up Instagram And WhatsApp