Phhhoto's antitrust claim against Meta is heading back to the courts
Portfolio Pulse from
A U.S. appeals court has revived an antitrust lawsuit against Meta, filed by the defunct social app Phhhoto. The lawsuit alleges that Meta copied Phhhoto's features and suppressed competition.
December 10, 2024 | 5:30 pm
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Meta is facing a revived antitrust lawsuit from Phhhoto, which claims Meta copied its features and suppressed competition. This legal development could impact Meta's stock in the short term.
The revival of the antitrust lawsuit against Meta could lead to legal challenges and potential financial penalties, which may negatively impact investor sentiment and the stock price in the short term.
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