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Judge: Facebook Not a Monopoly; Stock Skyrockets

A judge has thrown out two complaints from federal and state government that claimed Facebook broke competition laws. After the ruling, Facebook's market value rose to more than a trillion dollars. The first case was brought by the Federal Trade ... Commission (FTC), which said Facebook not only had a monopoly but had unfairly maintained it. The FTC said the monopoly was in the market of "personal social networking services" and that it's unfair actions included using technology to block interoperability between Facebook and other services. (Source: ) Instagram Buyout Questioned ... (view more)

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