Meta Fends Off Legal Salvo Claiming It “Buys or Buries” Companies

  • 📰 THR
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

An appeals court sided with the social media giant that the suit from 48 states was brought too late.

In a unanimous decision affirming dismissal, a panel of the U.S. Court of Appeals for the District of Columbia Circuit found on Thursday that the state attorneys general waited too long to sue. “The States’ lawsuit is not only odd, but old,” wrote the three-judge panel.

Meta still faces an identical suit from the Federal Trade Commission, though that case now faces a steeper climb due to parts of the ruling undermining the agency’s position that Meta can be broken up years after it consummated deals that are being challenged.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 411. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Federal appeals court tosses state antitrust suit seeking to break up Meta | CNN BusinessA group of states that sued to break up Facebook-parent Meta in 2020 were years too late to file their challenge and failed to make a persuasive case that the company's data policies harmed competition, a federal appeals court ruled Thursday in a sweeping victory for the tech giant.
La source: CNN - 🏆 4. / 95 Lire la suite »

Meta earnings preview: Can Facebook remain resilient amid online-ad downturn?Meta shares have enjoyed a big rally this year, and the company will put its $500 billion-plus valuation to the test Wednesday when it reports results.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »