On Thursday, a federal court of appeals dismissed a plea made by a group of state attorneys general to revive an antitrust case against tech company Meta, reported The Hill.
The DC Circuit Court of Appeals deemed the lawsuit regarding Meta’s acquisitions of WhatsApp and Instagram as outdated and unusual.
The court ruled that the lawsuit, filed in 2020 regarding the 2012 and 2014 acquisitions of WhatsApp and Instagram, was brought too late by the states. Both acquisitions were previously approved by federal regulators.
Related:Court Rules Meta Can Be Sued In Kenya
The DC circuit court ruling raises doubts about the argument that Meta is in breach of antitrust laws.
“We note in particular that courts should proceed cautiously when asked to deem novel products or practices anticompetitive. Many innovations may seem anti-competitive at first but turn out to be the opposite, and the market often corrects even those that are anti-competitive,” the decision stated.
The circuit court ruling confirms a decision made by US District Judge James Boasberg in June of 2021.
Despite previous legal challenges, Meta is currently facing further scrutiny from the Federal Trade Commission regarding anticompetitive practices related to their acquisitions.
Featured News
Clifford Chance Expands Global Antitrust Team with New Partner
Dec 6, 2024 by
CPI
Spain’s Financial Regulator Awaits Antitrust Decision on BBVA’s Hostile Bid for Sabadell
Dec 5, 2024 by
CPI
RealPage Seeks Dismissal of DOJ Antitrust Suit, Citing Legal Flaws
Dec 5, 2024 by
CPI
EU Competition Chief Signals Potential Google Breakup Amid Big Tech Scrutiny
Dec 5, 2024 by
CPI
Turkey Closes Antitrust Probe into Meta’s Threads-Instagram Practices
Dec 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Moats & Entrenchment
Nov 29, 2024 by
CPI
Assessing the Potential for Antitrust Moats and Trenches in the Generative AI Industry
Nov 29, 2024 by
Allison Holt, Sushrut Jain & Ashley Zhou
How SEP Hold-up Can Lead to Entrenchment
Nov 29, 2024 by
Jay Jurata, Elena Kamenir & Christie Boyden
The Role of Moats in Unlocking Economic Growth
Nov 29, 2024 by
CPI
Overcoming Moats and Entrenchment: Disruptive Innovation in Generative AI May Be More Successful than Regulation
Nov 29, 2024 by
Simon Chisholm & Charlie Whitehead