Friday, 24 March, 2023

Facebook valuation hits $1 tril mark after the rejection of the antitrust lawsuit

<p>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&rsquo;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&#39;s cases filed by the federal government and states to be dismissed.</p>