Federal and state lawsuits against Facebook looking to make the company sell WhatsApp and Instagram were rejected by a U.S judge. The decision caused a surge in Facebook shares by 4% and put Facebook’s valuation over $1trillion for the first time. The judge cited the failure of FTC to show Facebook had monopoly power in the social networking market. Facebook has requested for last year’s cases filed by the federal government and states to be dismissed.

Click here to read the full story