Facebook's market cap tops $1 trillion for first time after judge rejects monopoly complaints

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The dismissal is the first big blow to state and federal lawsuits against Big Tech firms

The dismissal was the first big blow to state and federal lawsuits against Big Tech firms last year seeking to rein in alleged abuses of their massive market power.

He also dismissed a lawsuit by multiple U.S. states, saying they waited too long to challenge the acquisitions of Instagram and WhatsApp in 2012 and 2014 respectively. The judge did not invite the states to refile their complaint.Article content

 

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