The post Meta Does Not Hold Monopoly, Judge Rules appeared on BitcoinEthereumNews.com. Topline A federal judge ruled that Meta does not hold a monopoly over social networking after purchasing Instagram and WhatsApp in 2012 and 2014, ending a lengthy case brought by the Federal Trade Commission as part of a series of lawsuits against big tech companies. The Federal Trade Commission sued the social media company in 2020, accusing it of maintaining a monopoly, years after it purchased competitors Instagram and WhatsApp. NurPhoto via Getty Images Key Facts In a ruling on Tuesday, District Court Judge James Boasberg ruled that the FTC did not prove that Meta holds a monopoly on “personal social networking.” The suit, which was first brought by the FTC in 2020 during the first Trump administration, argued that Meta’s move to purchase photo sharing app Instagram in 2012 and messaging service WhatsApp in 2014 were anticompetitive moves designed to buy out their competition. However, Meta argued that it was now competing against more companies for users’ attention—specifically noting YouTube and TikTok as new competitors. Meta did not immediately respond to a request for comment from Forbes. Crucial Quote “The landscape that existed only five years ago when the Federal Trade Commission brought this antitrust suit has changed markedly,” Boasberg wrote in his ruling on Tuesday. “While it once might have made sense to partition apps into separate markets of social networking and social media, that wall has since broken down.” Read More Source: https://www.forbes.com/sites/zacharyfolk/2025/11/18/meta-does-not-hold-monopoly-judge-rules/The post Meta Does Not Hold Monopoly, Judge Rules appeared on BitcoinEthereumNews.com. Topline A federal judge ruled that Meta does not hold a monopoly over social networking after purchasing Instagram and WhatsApp in 2012 and 2014, ending a lengthy case brought by the Federal Trade Commission as part of a series of lawsuits against big tech companies. The Federal Trade Commission sued the social media company in 2020, accusing it of maintaining a monopoly, years after it purchased competitors Instagram and WhatsApp. NurPhoto via Getty Images Key Facts In a ruling on Tuesday, District Court Judge James Boasberg ruled that the FTC did not prove that Meta holds a monopoly on “personal social networking.” The suit, which was first brought by the FTC in 2020 during the first Trump administration, argued that Meta’s move to purchase photo sharing app Instagram in 2012 and messaging service WhatsApp in 2014 were anticompetitive moves designed to buy out their competition. However, Meta argued that it was now competing against more companies for users’ attention—specifically noting YouTube and TikTok as new competitors. Meta did not immediately respond to a request for comment from Forbes. Crucial Quote “The landscape that existed only five years ago when the Federal Trade Commission brought this antitrust suit has changed markedly,” Boasberg wrote in his ruling on Tuesday. “While it once might have made sense to partition apps into separate markets of social networking and social media, that wall has since broken down.” Read More Source: https://www.forbes.com/sites/zacharyfolk/2025/11/18/meta-does-not-hold-monopoly-judge-rules/

Meta Does Not Hold Monopoly, Judge Rules

2025/11/19 07:45

Topline

A federal judge ruled that Meta does not hold a monopoly over social networking after purchasing Instagram and WhatsApp in 2012 and 2014, ending a lengthy case brought by the Federal Trade Commission as part of a series of lawsuits against big tech companies.

The Federal Trade Commission sued the social media company in 2020, accusing it of maintaining a monopoly, years after it purchased competitors Instagram and WhatsApp.

NurPhoto via Getty Images

Key Facts

In a ruling on Tuesday, District Court Judge James Boasberg ruled that the FTC did not prove that Meta holds a monopoly on “personal social networking.”

The suit, which was first brought by the FTC in 2020 during the first Trump administration, argued that Meta’s move to purchase photo sharing app Instagram in 2012 and messaging service WhatsApp in 2014 were anticompetitive moves designed to buy out their competition.

However, Meta argued that it was now competing against more companies for users’ attention—specifically noting YouTube and TikTok as new competitors.

Meta did not immediately respond to a request for comment from Forbes.

Crucial Quote

“The landscape that existed only five years ago when the Federal Trade Commission brought this antitrust suit has changed markedly,” Boasberg wrote in his ruling on Tuesday. “While it once might have made sense to partition apps into separate markets of social networking and social media, that wall has since broken down.”

Read More

Source: https://www.forbes.com/sites/zacharyfolk/2025/11/18/meta-does-not-hold-monopoly-judge-rules/

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The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
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BitcoinEthereumNews2025/09/18 01:55