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June 29, 2021

Federal Judge Throws Out Antitrust Lawsuits Seeking to Break Up Facebook 
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A federal judge has thrown out two antitrust lawsuits seeking to force
Facebook to divest from Whats App and Instagram. U.S. District Court
Judge Jeb Boasberg - a George W. Bush appointee - ruled the Federal
Trade Commission failed to provide enough evidence to make a case that
Facebook operated a monopoly. The judge gave the FTC 30 days to file an
amended lawsuit. In a second ruling, Judge Boasberg threw out another
antitrust suit brought by 46 state attorneys general, ruling they waited
too long to bring their claims. The court rulings sent Facebook's share
prices soaring, bringing CEO Mark Zuckerberg's estimated personal wealth
to over $128 billion, while Facebook's market capitalization topped $1
trillion for the first time. 


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