The U.S. Federal Court ruled that Meta (META.US) does not constitute a monopoly and does not need to divest its two core applications, Instagram and WhatsApp.

Wisdom Finance app learned that the US Federal District Court made a key ruling on Tuesday, determining that Meta Platforms (META.US) did not constitute a monopoly, and its acquisition of Instagram and WhatsApp in the 2010s did not violate antitrust laws. Meta originally faced significant risks of being forced to divest the two major applications, but this concern has now been officially lifted. Despite the positive news, Meta's stock price still fluctuated at a low level in the afternoon, ultimately falling by 0.72% to $597.69, in line with the drop in the S&P 500 index.