New Delhi, Nov. 19 -- A US federal judge on Tuesday (November 18) dismissed the Federal Trade Commission's landmark antitrust lawsuit against Meta, ruling that the social media giant does not hold a monopoly in the market.

The FTC had accused Meta of illegally maintaining dominance by acquiring Instagram in 2012 and WhatsApp in 2014, arguing the deals were designed to neutralise competitive threats. The case, filed in December 2020, had been one of the most high-profile antitrust actions against a Big Tech company.

Judge James Boasberg of the federal district court in Washington concluded that Meta faces robust competition from TikTok and YouTube, preventing it from exercising monopoly power.

"Meta holds no monopoly in the relevant mar...