US court dismisses FTC’s lawsuit against Facebook

A United States Federal Court dismissed on Monday an antitrust lawsuit that the US Federal Trade Commission (FTC) filed against Facebook Inc.

“Although the Court does not agree with all of Facebook’s contentions here, it ultimately concurs that the agency’s Complaint is legally insufficient and must therefore be dismissed,” the court filing read. The ruling, however, allows the FTC to file its complaint again since the court hasn’t dismissed the case in its entirety.

Facebook’s shares surged 3.66% after the announcement, selling for $353.72 at 3:10 pm ET, while its market capitalization surpassed the $1 trillion threshold for the first time in history.



Breaking the News / BU



Source link

About the author: admin Academy

admin

Alcuni articoli sono qui aggregati per darti un'informazione continua e costante, pertanto, sotto ognuno di essi troverai la fonte: entra nel sito di riferimento per avere ulteriori news ed informazioni sull'economia mondiale, ti sarà utile. Ti aspetto nell'Academy!

Get involved!

Fai trading in gruppo!
L'unica Academy di trading completamente gratuita per gli utenti FpMarkets

Comments

Ancora nessun commento