A federal judge has ruled that the Federal Trade Commission's revised antitrust suit against Meta, formerly known as Facebook, can proceed, shutting down the social media company's request for a dismissal.
In a revised complaint filed last August, the FTC argued that the company pursued “buy or bury” strategy to suppress competition.
This is the FTC’s second antitrust run at the company.
A federal judge in June dismissed antitrust lawsuits brought against Facebook by the agency and a broad coalition of state attorneys general that were among multiplying efforts by federal and state regulators to rein in tech titans’ market power.
