Company Of The Day: Facebook
What?
On Monday, a federal court dismissed the Federal Trade Commission’s antitrust complaint against social media behemoth Facebook (NASDAQ:FB).
Why?
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The court ruled that the FTC has not proved that Facebook maintains a monopoly in the social media space.
So What?
The dismissal of the complaint is seen as a significant win for Facebook, as the antitrust charges could have resulted in the company divesting its WhatsApp and Instagram properties. This should prove a catalyst for Facebook stock, which has already outperformed this year, rising by 30% year-to-date.
See Our Complete Analysis For Facebook
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