Facebook Inc., which crossed the $1 trillion valuation mark on Monday, is giving new meaning to the term Teflon-coated, as nothing bad ever seems to stick to it.
“Although the court does not agree with all of Facebook’s contentions here, it ultimately concurs that the agency’s complaint is legally insufficient and must therefore be dismissed,” wrote U.S. District Court Judge James Boasberg, in a 53-page opinion. Read more: From 2019: Facebook’s earnings hit by fines and growth slowdown, but investors remain unfazedThe company is not entirely out of the clear in the antitrust realm, but the judge’s opinion has some interesting points, especially noting the FTC’s allegations that Facebook’s market share is “in excess of 60%” yet concluding that the allegationsThe next 30 days will be telling, as to whether the FTC decides to file an amended complaint and how the agency might address the judge’s concerns.
tpoletti For now! More lawsuits are coming.. fb wil come down. Just when is the question.
tpoletti Facebook is a hell of a drug
tpoletti wow
tpoletti The lawsuit didn't stick because it was a load of BS