A U.S. judge just handed Zuckerberg a massive W—Meta is NOT an illegal monopoly, so the FTC's dream of splitting up Instagram and WhatsApp is officially dead.
The FTC's whole argument: Meta bought these apps to crush competition. But Judge Boasberg wasn't having it. His reasoning? TikTok and YouTube are eating Meta's lunch. Meta's social media market share is "modest and falling," even excluding YouTube. And get this—TikTok only showed up 7 years ago and is already Meta's biggest threat.
Zuck even admitted Facebook is losing steam, yet Meta's apps hit 3.3B daily users. Wild contradiction, but apparently enough to convince the court.
**The stakes**: A breakup would've gutted Meta's ad revenue (Instagram is the cash cow) and WhatsApp's global reach. Now they can breathe easy.
**The bigger picture**: While Meta escaped, Google got slapped with TWO monopoly verdicts (search + ads). Apple and Amazon are still in the fight. Big Tech is getting roasted across the board.
Meta stock down 1.73% on the news. Maybe investors wanted the drama? 📉
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**Meta dodges the breakup bullet** 💣
A U.S. judge just handed Zuckerberg a massive W—Meta is NOT an illegal monopoly, so the FTC's dream of splitting up Instagram and WhatsApp is officially dead.
The FTC's whole argument: Meta bought these apps to crush competition. But Judge Boasberg wasn't having it. His reasoning? TikTok and YouTube are eating Meta's lunch. Meta's social media market share is "modest and falling," even excluding YouTube. And get this—TikTok only showed up 7 years ago and is already Meta's biggest threat.
Zuck even admitted Facebook is losing steam, yet Meta's apps hit 3.3B daily users. Wild contradiction, but apparently enough to convince the court.
**The stakes**: A breakup would've gutted Meta's ad revenue (Instagram is the cash cow) and WhatsApp's global reach. Now they can breathe easy.
**The bigger picture**: While Meta escaped, Google got slapped with TWO monopoly verdicts (search + ads). Apple and Amazon are still in the fight. Big Tech is getting roasted across the board.
Meta stock down 1.73% on the news. Maybe investors wanted the drama? 📉