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The decision by U.S. District Judge James Boasberg in Washington on Monday sent Facebook shares soaring, pushing the company’s market value to more than $1 trillion. Boasberg granted the company’s request to dismiss the complaints filed last year by the U.S. Federal Trade Commission and state attorneys general led by New York, saying in his opinion that the FTC failed to meet the burden for establishing that Facebook has a monopoly in social networking. The judge faulted the FTC for failing to detail how Facebook has monopoly power in a market the agency described as personal social networking. The agency’s claim that Facebook has in excess of 60 percent of a vaguely defined market is “too speculative and conclusory to go forward,” he wrote in the ruling. Boasberg said the agency could refile the complaint within 30 days.

New yorkUnited statesDonald trumpJames boasbergMark zuckerbergFacebook incJustice departmentUs district courtUs justice departmentUs supreme courtHouse judiciary committeeUs federal trade commissionAlphabet incJudge james boasbergTrade commissionNew york attorney general