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Tuesday 29 June 2021

Facebook wins antitrust dismissal, surges to $1 trillion value

A US judge on Monday dismissed the blockbuster antitrust action against Facebook filed last year by federal and state regulators, helping lift the value of the social media giant above $1 trillion for the first time. The US District Court of Washington, DC dismissed the cases which could have rolled back FB's acquisition of Instagram and the messaging platform WhatsApp.

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