Meta Wins FTC's Instagram, WhatsApp Antitrust Trial. Meta Stock Slump Drags On.
Group 1 - Meta Platforms achieved a significant legal victory as a federal judge ruled that its acquisition of Instagram and WhatsApp did not violate federal antitrust laws, providing a boost to its stock despite remaining in the red [1] - U.S. District Judge James Boasberg determined that the Federal Trade Commission was unable to prove that Meta had monopolized the market [1] Group 2 - The market is experiencing a quantifiable change in models, indicating a shift in investor sentiment and market dynamics [2]