Loading...
Market
How will Meta's stock price change one month after FTC trial conclusion?
2
Facebook•Meta Platforms•Federal Trade Commission•FTC•Instagram•WhatsApp•James Boasberg•Meta•Lina Khan•Apple•Google
Resolution / Starting Odds
Stock price increases by more than 10% • 25%
Stock price decreases by more than 10% • 25%
Stock price changes by less than 10% • 25%
Stock price remains unchanged • 25%
Stock market data from NASDAQ
Story
Meta to Face FTC Antitrust Trial Seeking Breakup Over Instagram, WhatsApp Deals
Nov 13, 2024, 03:11 PM
Facebook owner Meta Platforms must face a trial in a Federal Trade Commission (FTC) lawsuit seeking to break up the company over allegations that it bought Instagram and WhatsApp to eliminate competition in the social media market. U.S. District Judge James Boasberg in Washington, D.C., ruled that the FTC's antitrust case against Meta, originally filed in December 2020, can proceed to trial. FTC Chair Lina Khan has been pursuing the case initiated by the previous administration. The lawsuit accuses Meta of monopolizing personal social networking services through its acquisition of rival platforms Instagram and WhatsApp. Notably, the judge ruled that Meta can't argue at trial that the WhatsApp acquisition boosted competition by strengthening its position against Apple and Google. While some allegations were dismissed, the core antitrust claims were allowed to move forward. The trial could potentially result in Meta being forced to divest Instagram and WhatsApp.
View original story
Similar markets
Increase by more than 5% • 25%
Decrease by more than 5% • 25%
Change within +/- 5% • 25%
Other • 25%
Increase by more than 5% • 25%
Increase by less than 5% • 25%
Decrease by less than 5% • 25%
Decrease by more than 5% • 25%
Market value increases • 25%
Market value remains stable • 25%
Market value decreases by less than 10% • 25%
Market value decreases by 10% or more • 25%
Increase by more than 10% • 25%
Increase by 0-10% • 25%
Decrease by 0-10% • 25%
Decrease by more than 10% • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Increase by over 10% • 25%
Decrease by over 10% • 25%
Remain stable • 25%
Fluctuate but no net change • 25%
Increase by more than 5% • 25%
Increase by 5% or less • 25%
Decrease by 5% or less • 25%
Decrease by more than 5% • 25%
Increase by more than 5% • 25%
Increase by 0-5% • 25%
Decrease by 0-5% • 25%
Decrease by more than 5% • 25%
Improves • 25%
Remains the same • 25%
Worsens slightly • 25%
Worsens significantly • 25%
Stock price increases • 25%
Stock price decreases • 25%
Stock price remains stable • 25%
Significant volatility • 25%
Increase by more than 10% • 25%
Decrease by more than 10% • 25%
Change by less than 10% • 25%
No significant change • 25%
