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World shares and US futures surge as Nvidia's strong earnings restore confidence in AI

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Meta has successfully defended itself in a historic FTC antitrust case, allowing it to keep WhatsApp and Instagram. This decision is significant for the tech industry and competition regulations.
World shares and US futures surge as Nvidia's strong earnings restore confidence in AI
Why it matters
In a significant legal victory, Meta has won a historic antitrust case against the Federal Trade Commission (FTC), which aimed to break up the company by forcing it to sell its popular platforms, WhatsApp and Instagram. The FTC argued that Meta's acquisitions of these platforms stifled competition in the social media market. However, the court ruled in favor of Meta, allowing the company to retain ownership of both platforms. This decision is crucial not only for Meta but also for the broader tech industry, as it sets a precedent for how antitrust laws may be applied to large technology firms in the future. The ruling is expected to influence ongoing discussions about competition and regulation in the tech sector.
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Read full article on Associated Press →

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Law & Public Safety Regulatory Actions Technology & Innovation Artificial Intelligence

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