Company Of The Day: Facebook

by Trefis Team
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Upside
325
Market
402
Trefis
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Facebook
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What?

On Monday, a federal court dismissed the Federal Trade Commission’s antitrust complaint against social media behemoth Facebook (NASDAQ:FB).

Why?

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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