Facebook Chairman and CEO Mark Zuckerberg greets members of Congress after testifying at a House Financial Services Committee hearing in Washington on October 23, 2019. REUTERS / Erin Scott
Erin Scott | Reuters
A federal court on Monday dismissed the Federal Trade Commission’s antitrust complaint against Facebook, a major setback for the agency’s complaint that could have resulted in Facebook divesting from Instagram and WhatsApp.
“Although the Court does not agree with all of Facebook’s arguments here, it ultimately agrees that the agency’s complaint is legally insufficient and therefore must be dismissed,” the District Court filing reads. US For the District of Columbia. “The FTC has not alleged enough facts to plausibly establish a necessary element of all of its Section 2 claims, namely, that Facebook has monopoly power in the market for personal social networking services (PSN).”
The court dismissed the complaint, not the case, meaning the FTC could file its complaint one more time.
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