-
Kenya's economy faces climate change risks: World Bank
-
France's largest wildfire in decades 'under control', says minister
-
South Korea baseball league cancels two games over heatwave
-
Warsaw and Kyiv exhume Volyn victims at centre of diplomatic quarrel
-
India PM Modi says he forgives protesters who abused him
-
California lifeguards wiped out from extreme weather
-
US plans steep water cuts for southwest amid Colorado River crisis
-
Amazon surges as US stocks shrug off bond yield worries
-
Oil giants report blowout profits on war, warn high gas prices could persist
-
Hungary to shut nuclear plant as heatwave hits central Europe
-
Google launches new satellite image AI tool, alarming researchers
-
Tech-fuelled rally fizzles as oil prices rise
-
US Fed dissenters call for rate hikes over sustained inflation
-
Alarm over climate-linked low level of German waterways
-
New York sues online prediction markets giant Kalshi
-
Commerzbank agrees to talks with UniCredit after two-year standoff
-
Profits surge at US oil giant amid Iran war supply shock
-
Fornaro Legal Releases Guidance to Help Businesses Maintain Clear Ownership Records During Growth
-
Stock markets rally on tech rebound
-
Japan probe made closest-ever asteroid flyby: space agency
-
France, Spain assess scorched terrain as new wildfires threaten other regions
-
British oil giant BP aims to sell North Sea business
-
Chipmaker Kioxia reports AI-driven 45-fold surge in quarterly net profit
-
China factory activity slides as leaders seek spending boost
-
Far right and far left battle for power in polarised Berlin
-
Tech rebound fuels record-breaking rally in South Korean stocks
-
The last trio: S.Africa's zoo elephants await their fate
-
Cables and cooling bring AI windfall to Indian suppliers
-
Oil industry sees war windfall but girds for political blowback
-
Anthropic's models gained unauthorized 'real-world' access during testing
-
Amazon beats expectations with cloud and AI growth
-
Apple tops estimates in CEO Cook's final quarter, but shares fall
-
Blowout Microsoft results lift US stocks as oil retreats
-
Milei demands expulsion of foreigners expressing 'hate' against Argentina
-
'Beginning of the end': Relief but no party as French wildfire winds down
-
Italy's Po River valley on drought alert
-
Southern Europe 'becoming more flammable' in hotter climate, experts say
-
Prada profits pinched as growth hard to chase
-
Mammoth bones found on parched bed of Danube in Bulgaria
-
Stocks climb on earnings and rates, oil retreats
-
MEXC Lists Grvt (GRVT) with $60,000 Worth of GRVT and 10,000 USDT in Airdrop+ Rewards
-
US economic growth slows in second quarter, missing expectations
-
George and Amal Clooney flee French home due to wildfire
-
Russia adds Telegram founder Durov to 'terrorist' blacklist
-
MEXC Ventures Supports Alpha Arena's APAC Debut at Coinfest Bali
-
Stocks diverge on earnings, as oil steadies
-
AI data centre supplier Zhongji InnoLight slips on Hong Kong debut
-
Eurozone economy grows despite Middle East war
-
May, June heatwaves caused 2,877 extra deaths in England: govt
-
Singapore group will develop 'most promising' Ebola vaccine
US regulator appeals Meta's court victory in monopoly case
The US Federal Trade Commission said Tuesday it was appealing a court ruling that dismissed its antitrust case against Meta, insisting the tech giant illegally monopolized social media.
"Our position has not changed. Meta violated our antitrust laws when it acquired Instagram and WhatsApp," Joe Simonson, the FTC's director of public affairs, told reporters.
"Consequently, American consumers have suffered from that monopoly," he added.
The agency filed a notice of appeal to the DC Circuit Court, beginning a long process that could make its way to the Supreme Court.
In response to the appeal, a Meta spokesperson said the court's decision to dismiss the FTC's arguments was "correct, and recognizes the fierce competition we face."
"We will remain focused on innovating and investing in America," the Meta spokesperson added.
US District Judge James Boasberg's November ruling delivered a major victory to Meta, ending a legal battle launched in 2020 over the company's 2012 Instagram and 2014 WhatsApp acquisitions.
Boasberg concluded that Meta faces sufficient competition from rivals TikTok and YouTube to prevent it from exercising monopoly power.
"Meta holds no monopoly in the relevant market," the judge wrote, noting that Facebook and Instagram now primarily show users algorithm-recommended short videos nearly identical to TikTok's format.
The court cited data showing Americans spend only 17 percent of their Facebook time viewing friends' content and just seven percent on Instagram, with users predominantly watching "Reels" -- short videos from strangers.
A senior FTC official said the judge took "a very odd path" by basing his ruling solely on Meta's market position at the time of trial instead of over a longer period.
This approach "was a fundamental error that let him just sweep its misconduct under the rug," the official said, who requested anonymity because he was not authorized to discuss the issue publicly.
Boasberg's ruling marked another setback for US antitrust enforcers pursuing aggressive action against Big Tech, with mixed results in court.
The government has launched five major cases against tech giants in recent years, including two against Google and suits against Apple and Amazon.
In September, a different judge rejected a government bid to break up Google after finding the search giant acted as an illegal monopoly. Google appealed that ruling last week.
U.Ndiaye--CPN