Facebook Wins Dismissal of U.S., States’ Monopoly Lawsuits
- Judge says FTC failed to meet burden for proceeding with case
- FTC can refile complaint within 30 days, judge says in ruling
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Facebook Inc. won a court ruling dismissing two monopoly lawsuits filed by the U.S. government and a coalition of states that sought to break up the company, dealing a blow to efforts by antitrust officials to take on the biggest tech platforms.
The decision by U.S. District Judge James Boasberg in Washington on Monday sent Facebook shares soaring, pushing the company’s market value to more than $1 trillion.