January 22, 2022

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

48 state AGs appeal court’s dismissal of their Facebook antitrust suit

A coalition of 48 state attorneys general filed an appeal Friday in another attempt to break up Facebook parent Meta Platforms Inc. FB, +1.66%. The 99-page brief contends Judge James E. Boasberg erred in dismissing the antitrust case against Facebook in June. Boasberg ruled the states waited too long to challenge the company’s acquisitions of Instagram and WhatsApp in 2012 and 2014, respectively. The filing comes on the heels of Boasberg’s decision Tuesday to allow the Federal Trade Commissions’s revised antitrust case against Facebook to proceed.

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