Skip to content
LPBN-Icon-v1 (1)
The Right Coast
A Member of the Law Professor Blogs Network

Judge dismisses FTC and state antitrust complaints against Facebook

By Thomas A. Smith

A federal court on Monday dismissed the Federal Trade Commission s antitrust complaint against Facebook, as well as a parallel case brought by 48 state attorneys general, dealing a major setback to the agency s complaint, which could have resulted in Facebook divesting Instagram and WhatsApp.

Shares of Facebook rose more than 4% on Monday following the rulings, sending the social media company s market capitalization above $1 trillion for the first time.

via www.cnbc.com

One hopes this is a temporary setback.