Didnt the judge rule literally yesterday that this wasnt illegal. This was one of Lina Khan's signature lawsuits, and judge didnt agree even a single one of FTC's arguments.
Social media companies becoming more consolidated and influential might be legal and good for their stakeholders but it doesn't mean it's a net positive for the rest of the world. And unfortunately, as much as so many people like to believe otherwise, being a net negative to society absolutely does not lead to a company becoming irrelevant.
It is actually a monumental case ruling, and for some reason it wasnt reported or discussed here. Lina Khan's FTC has lost both their marquee cases now (Google, Meta)
> Meta won a landmark antitrust battle with the Federal Trade Commission on Tuesday after a federal judge ruled it has not monopolized the social media market at the center of the case.
I'm not very happy with Lina Khan after she killed our only remaining low cost airline carrier. And killed iRobot to let Roborock, a a Chinese company, take over.
She "stood up" to big tech, failed, and her remaining legacy is destroying American businesses that people actually relied on. Literally no value was added, but a bunch was subtracted. I never understood the hype for her.
The original claim was centered around the timeline of purchasing Instagram and Whatsapp. TikTok came much, much later.
Anyways, I disagree - this is not the case. If you read the filings and their slides, the FTC argues Meta is a monopoly in the personal networking space.
They essentially carve a market out of thin air to selectively exclude Snapchat, TikTok, and Shorts. The judge has understandably called this for what it is.
It was a phenomenally poorly litigated case, most experts at the time doubted it would succeed, but it did wonders for Lina Khan's popularity. Seems to have served her well with NYC and all.