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28 June 2021, 08:06 pm
Facebook can breathe a sigh of relief for now as a federal judge threw out two antitrust lawsuits in the U.S.
These two lawsuits were filed separately last year by the Federal Trade Commission (FTC) and a group of 48 attorneys general. Both lawsuits accused the social networking company of violating antitrust laws by acquiring competition such as Instagram and Whatsapp. 
Judge James Boasberg of the U.S. District Court for the District of Columbia ruled that there is no sufficient evidence that proves Facebook has a monopoly in the industry. 
According to The Verge, Facebook s stock value surged due to the dismissal of the antitrust cases. The company s stock went past $1 trillion in market capitalization, a first for Facebook. ....

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