[Ed. – Astonishing many, to be sure. Legal experts say the FTC can refile but needs to make a better case that Facebook in fact exercises monopoly market power, which is the core contention, and what the court didn’t buy. Defining monopoly power for social media is likely to be a moving target – and that condition is unlikely to change.]
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 for the agency’s complaint that could have resulted in Facebook divesting Instagram and WhatsApp. …
The FTC sued the company last December, alongside attorneys general from 48 states, arguing that Facebook engaged engaged in a systematic strategy to eliminate threats to its monopoly, including the 2012 and 2014 acquisitions of Instagram and WhatsApp, respectively, which the FTC previously cleared.
However, the court ruled Monday said the FTC failed to prove its main contention, and the cornerstone of the case: That Facebook holds monopoly power in the U.S. personal social networking market.