The federal government's yearslong case to label Meta a monopoly ended on Tuesday when a federal court ruled in favor of the tech giant. The ruling sets the important precedent that the current market in which a dominant firm competes is the relevant one to consider when determining whether or not it is a monopolist.
The Federal Trade Commission (FTC) first brought the lawsuit against Meta in December 2020, during the first Trump administration, alleging that the tech giant had run afoul of the Sherman Antitrust Act by monopolizing the personal social networking market through its acquisition of then-nascent Instagram and WhatsApp in 2012 and 2014, respectively. The case was dismissed in 2021, but refiled later that year. In April, Lina Khan, who served as the FTC chair when the case was refiled, said that "there's no expiration date when it comes to the illegality of a transaction."
