FTC lawsuit against FB dismissed – #stocks chatter


FTC lawsuit against FB dismissed
“A U.S. judge on Monday dismissed an antitrust lawsuit against Facebook Inc (FB.O) that sought to force the social media company to sell Instagram and WhatsApp, saying the Federal Trade Commission action was ‘legally insufficient.’” [(source)](https://www.reuters.com/technology/us-judge-tells-ftc-file-new-complaint-against-facebook-2021-06-28/)

Wow, FB finally joins the 1T market cap w it’s fellow FAA(M)G members. I’ve got to say, as unethical as they are, they are the most undervalued big tech bc of how much negativity surrounds them. Been long FB for a decade+ and have always had my doubts, but in the end, I don’t see the US breaking up one if its most profitable and innovative businesses. Just wished FB had a better way of doing its things, but congratulations to the longs.

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