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%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNN - 🏆 4. / 95 Read more »

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.
Source: MarketWatch - 🏆 3. / 97 Read more »