Court Dismisses Federal Government’s Antitrust Case Against Facebook

Facebook Chairman and CEO Mark Zuckerberg returns from a recess as he testifies before the House Financial Services Committee on "An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors" in the Rayburn House Office Building in Washington on Oct. 23, 2019. (Mandel Ngan/AFP via Getty Images)
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A federal court has dismissed two antitrust cases that were brought against Facebook, representing a significant setback for federal and state regulators in their attempts to rein in Big Tech. The lawsuits were filed by the Federal Trade Commission (FTC) and state attorneys general seeking to break up what they’ve described as Facebook’s monopoly on social networking. Facebook shares rose more than 4 percent on June 28. U.S. District Judge
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