antitrust

Nov. 18 (UPI) — Facebook owner Meta can keep the WhatsApp mobile messaging app and the Instagram social media site in a federal trial first brought by the Federal Trade Commission in 2020.

Washington D.C.-based Judge James Boasberg ruled Tuesday that the FTC did not prove its claim that Meta has maintained a monopoly on social media platforms, CNBC reported.

“Whether or not Meta enjoyed monopoly power in the past, though, the agency must show that it continues to hold such power now,” Boasberg wrote.

“The court’s verdict today determines that the FTC has not done so,” he added.

Meta officials said in a statement to NPR that Boasberg’s ruling affirms that social media remains competitive.

Boasberg in 2021 dismissed the case citing a lack of evidence that Facebook held “market power” over social media.

The FTC amended and refiled its complaint in August 2021, providing more detail on user data and comparisons to competitors, including Snapchat, the discontinued Google+ social network and Myspace.

The FTC also argued Meta engaged in a “buy or bury” strategy to monopolize social media when it paid more than market value to buy Instagram in 2012 and when it bought WhatsApp in 2014, according to NPR.

The only way to resolve the alleged monopoly was to require Meta to spin off Instagram and WhatsApp as independent companies, the FTC argued.

The social media marketplace has changed greatly over the past five years since the federal agency first accused Meta of monopolizing social media, Boasberg wrote.

“While it once might have made sense to partition apps into separate markets of social networking and social media, that wall has since broken down,” Boasberg wrote.

He cited the rise of TikTok and called it “Meta’s fiercest rival,” which he called evidence of a competitive social media marketplace.

During the trial that concluded in May, Meta’s legal team argued it faced plenty of competition and only bought WhatsApp and Instagram because they are quality products that were easier to buy instead of replicating.

During the trial, Meta CEO Mark Zuckerberg testified that buying Instagram was easier than creating a new product that would compete with it.

Published on 06/11/2025 – 20:47 GMT+1
•Updated
20:56

The Commission launched on Thursday an investigation into a potential collusion between the two stock exchange groups, Deutsche Börse and Nasdaq, in the market for derivative financial products.

At the heart of EU antitrust enforcer’s concerns is the potential coordination of their conduct in the listing, trading, and clearing of those derivatives, which, if proven, would be in violation of EU’s competition rules.

EU law encourage competition between different economic operators to ensure that prices are set fairly by the market, free from any collusion or abuse of dominant position.

In September 2024, the Commission carried out unannounced inspections at the premises of both financial groups, as permitted under EU rules.

It targeted their practices around financial derivatives, which are contracts whose value changes depending on the price of another asset, such as stocks or commodities.

“Deutsche Börse and Nasdaq entities may have entered into agreements or concerted practices not to compete,” the Commission said in a statement, “in addition, the entities may have allocated demand, coordinated prices and exchanged commercially sensitive information.”

A deal made in 1999

Deutsche Börse and Nasdaq are among the world’s largest stock exchange groups.

According to EU competition commissioner Teresa Ribera, such behaviours could also affect “the proper functioning of the Capital Markets Union – a cornerstone for innovation, financial stability and growth.”

The completion of the European Capital Markets Union — a barrier-free market for capitals aimed at reducing their costs for listed companies and improve investment conditions — is one of the priorities of Commission’s president Ursula von der Leyen.

If there was a collusion between Deutsche Börse and Nasdaq, it would constitute “an artificial barrier” on the EU market, Commission’s spokesperson Thomas Regnier told Euronews.

Deutsche Börse reacted in a statement saying : “We are engaging constructively with the European Commission.”

The stock exchange group explained that the Commission’s investigation concerned a 1999 deal, which Deutsche Börse considers “pro-competitive”.

“It aimed to build deeper liquidity in the respective Nordic derivatives markets and create efficiencies,” it argued, adding: “It provided clear benefits for market participants and was public.”

The 1999 deal was made between Deutsche Börse’s derivatives branch Eurex and the Helsinki Stock Exchange, which was acquired by Nasdaq in 2008, for the Nordic derivatives markets, it said.