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Any additional action will be directed by the new FTC chair, Lina KhanThe voice of criticism from Big Tech, for the first time, prevailed when he argued that antitrust laws based on price were not enough to verify Amazon’s strength.
But while the FTC has another shot in the case, the judge rejected a separate lawsuit that 48 states sued Facebook for Instagram and Whatsapp purchases, saying they waited too long to file their case. It was noted that there was no such time issue for the FTC, which could decide to investigate the merger at any point it believes is right.
Facebook and its investors have called the decision a victory. As a result of the decision, the company’s share price rose 4.2%, boosting its market capitalization to more than a trillion dollars for the first time in its history.
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