Facebook owner Meta Platforms will face trial in April over the U.S. Federal Trade Commission's allegations that the social media platform bought Instagram and WhatsApp to crush emerging competition, a judge in Washington said on Monday. Meta, then known as Facebook, overpaid for Instagram in 2012 and WhatsApp in 2014 to eliminate nascent threats instead of competing on its own …
WASHINGTON — A federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants. New York Attorney General Letitia James said when filing the suit that Facebook “used its monopoly power to crush smaller rivals and …
