The feds had a plan to take on Facebook. A judge just scrambled it. POLITICO 3 hrs ago By Leah Nylen and Emily Birnbaum © Photo by Michael M. Santiago/Getty Images Rep. Jerry Nadler speaks during a press conference on June 28, 2021 in Midtown Manhattan in New York City.
A federal judge’s rejection of a major lawsuit against Facebook gave Silicon Valley’s critics one reason for hope: They say it perfectly illustrates the urgency for Congress to rewrite the nation’s antitrust laws.
U.S. District Judge James Boasberg said Monday that the Federal Trade Commission’s antitrust complaint failed to show that the world’s largest social network with 2.7 billion members and a market value exceeding the GDPs of all but 16 countries is a monopoly.
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