Meta Platforms Files Motion For Summary Judgment In FTC Lawsuit Relating To Instagram And WhatsApp; Asked The Court To Dismiss The Case "Because The FTC Has Failed To Provide Evidence To Support Its Claims"; Says "No Evidence Supports Government's Antitrust Claims" On FTC Lawsuit Relating To Instagram And WhatsApp
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms has filed a motion for summary judgment in the FTC lawsuit concerning its acquisitions of Instagram and WhatsApp, asking the court to dismiss the case due to lack of evidence supporting the FTC's antitrust claims.

April 05, 2024 | 6:13 pm
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Meta Platforms has requested the court to dismiss the FTC lawsuit related to its acquisitions of Instagram and WhatsApp, arguing the government has not provided sufficient evidence for antitrust claims.
Meta Platforms' motion for summary judgment, if successful, could lead to the dismissal of the FTC lawsuit, potentially removing a significant legal hurdle and positively impacting investor sentiment towards META. The company's assertive stance and the emphasis on the lack of evidence for antitrust claims could reassure investors about the stability and legal standing of Meta's past acquisitions, likely leading to a short-term positive impact on its stock price.
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