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Software and technology

Facebook valued at $1T after antitrust lawsuit dismissed

June 29, 2021

A court ruled the FTC did not provide sufficient evidence that Facebook monopolizes the personal social networking market. Image credit: Getty


Tech giant Facebook’s shares rose more than 4 percent on June 28, bringing its value above $1 trillion, after a federal court dismissed the Federal Trade Commission’s (FTC) antitrust complaint against the social media company.

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