Judge dismisses FTC and state antitrust complaints against Facebook

A federal court on Monday dismissed the Federal Trade Commission's antitrust complaint against Facebook, as well as a parallel case brought by 48 state attorneys general, dealing a major setback to the agency's complaint, which could have resulted in Facebook divesting Instagram and WhatsApp.

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However, the court ruled Monday that the FTC failed to prove its main contention and the cornerstone of the case: that Facebook holds monopoly power in the U.S. personal social networking market.

I mean, I hear Friendster and MySpace are the bomb.