Whalesbook
A US federal judge has thrown out the Federal Trade Commission's (FTC) lawsuit aiming to break up Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp. The court ruled that Meta does not possess monopoly power in the social media market, delivering a significant legal victory to the tech giant and a setback to the FTC's antitrust agenda. Meta's stock saw an uptick after paring earlier losses following the decision.