American Antitrust Institute backs US FTC's case against Meta on appeal
( May 29, 2026, 22:31 GMT | Official Statement) -- MLex Summary: The American Antitrust Institute filed a brief in the US Federal Trade Commission's appeal of a lower court order finding Meta Platforms did not illegally monopolize the personal social networking services market. “A firm without monopoly power has no economic incentive to spend billions of dollars acquiring nascent rivals because eliminating just one or two potential entrants would not confer meaningful protection from competition in the market as a whole. That Meta did so is evidence of an existing power that the acquisition was designed to preserve,” it argued.See attached file. ...
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