Judge rules Meta doesn't have monopoly
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Australia's internet regulator has estimated there are 150,000 Facebook users and 350,000 teens on Instagram in the 13-15 age bracket. From 4 December, children aged below 16 will not be able to create accounts on Meta's social media platforms.
Facebook owner Meta can keep the WhatsApp mobile messaging app and the Instagram social media site in a federal trial brought by the FTC.
A federal judge ruled against the Federal Trade Commission's antitrust suit alleging that Meta had stifled competition by buying up its rivals.
Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp.
Australians younger than 16 will be removed from Facebook and Instagram on Dec 4, tech giant Meta said Thursday (Nov 20), as Canberra prepares to enforce sweeping laws banning teens from social media.
A U.S. District Court judge ruled on Tuesday that Meta Platforms isn’t a monopoly and that its 2010s acquisitions of Instagram and WhatsApp don’t violate antitrust laws. Meta was at risk of being forced to divest these apps had the case gone the other way.
The case, which was initially filed five years ago, centered around whether the deals allowed Meta to maintain a monopoly over social networking
Meta Platforms Inc. scored a major legal victory Tuesday after a federal judge ruled the company does not hold a
Meta ha superado un desafío existencial para su negocio que podría haber obligado al gigante tecnológico a desprenderse de Instagram y WhatsApp después de que un juez dictaminara que la empresa no tiene un monopolio en las redes sociales.
Yann LeCun, one of the founding figures of modern artificial intelligence and a pivotal force at Meta Platforms , said on Wednesday he plans to leave the company at the end of the year to launch a new AI startup.