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

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.

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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.
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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.
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