FTC Appealing Loss in Antitrust Suit Against Meta

The Federal Trade Commission (FTC) plans to appeal a federal court’s decision that Meta does not hold a monopoly, the agency announced on Jan. 20. “The FTC continues to allege, and robust evidence at trial demonstrated, that for over a decade Meta has illegally maintained a monopoly in personal social networking services through anticompetitive conduct—by buying the significant competitive threats it identified in Instagram and WhatsApp,” the agency said in a statement. The FTC wants to overturn last November’s ruling by U.S. District Judge James Boasberg that found Meta does not currently hold an unfair competitive advantage. The agency filed suit in 2020, and the case finally went to trial in April of last year....