Headline RoundupJune 28th, 2021

Federal Court Dismisses Facebook Antitrust Lawsuits

Summary from the AllSides News Team

On Monday, a federal court dismissed antitrust lawsuits against Facebook by the Federal Trade Commission (FTC) and more than 40 states. Judge James E. Boasberg dismissed the states' lawsuit, which claimed Facebook had an unfair monopoly and said it should sell popular applications Instagram and WhatsApp, because too much time had passed since Facebook bought the companies in 2012 and 2014. Boasberg wrote separately that the FTC's suit did not present enough facts to support that Facebook had a monopoly on the social networking industry. Boasberg gave the FTC 30 days to refile its complaint. 

Outlets from across the political spectrum covered the story; some highlighted the spike in Facebook's stock after the decision, while some left-rated outlets featured quotes from Big Tech critics such as Sen. Josh Hawley and members of the American Economic Liberties Project.

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