Zuck stuck on Trump’s bad side: FTC appeals loss in Meta monopoly case

The Federal Trade Commission (FTC) has announced plans to appeal a court ruling that found Meta (Facebook's parent company) does not have a monopoly in the social networking market. The FTC had initially filed a lawsuit against Meta, alleging the company's acquisitions of Instagram and WhatsApp were anticompetitive moves to maintain its dominance. However, in a recent ruling, the judge dismissed the FTC's case, stating that the agency failed to provide sufficient evidence to prove that Meta holds a monopoly position. The FTC has now decided to challenge this decision, arguing that the court erred in its assessment of the company's market power and the potential harm to competition. The outcome of this appeal could have significant implications for the tech industry, as it could determine the FTC's ability to take on potential monopolistic practices by large technology companies. The case also highlights the ongoing tensions between regulators and tech giants like Meta, as policymakers grapple with how to address the growing power of these digital platforms.