AMC - Wall Street Breakfast: Antitrust Dismissed (For Now)

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Antitrust dismissed (for now) Thinking of putting in a bid for Facebook (FB)? You better have deep pockets. Like, $1T deep. The social networking giant climbed above a $1T valuation on Monday, as a federal judge took the company's side in an antitrust suit. The dismissal marks a big blow to the state and federal movement against Big Tech, which has cited alleged abuses in the corporate giants' massive market power.Backdrop: The Federal Trade Commission sued the company last December, along with attorneys general from 48 states, saying Facebook had employed a systematic strategy to eliminate threats to its monopoly. Those included the 2012 and 2014 acquisitions of Instagram and WhatsApp, which - mind you - the FTC previously cleared. The agency and states were seeking

For further details see:

Wall Street Breakfast: Antitrust Dismissed (For Now)