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Facebook market cap hits USD1 trillion post antitrust case rejection

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Facebook market cap hits USD1 trillion post antitrust case rejection

timestampJun 29, 2021 authorAlShorts Web Desk

A US judge dismissed federal and state antitrust complaints against Facebook, saying the federal complaint was ‘legally insufficient’. The news led to a rise of over 4% in Facebook share, setting the tech giant’s market capitalisation at over USD1 trillion for the first time. The dismissal was the first big blow to state and federal lawsuits against Big Tech firms.

Latest News

Several injured after tourist boat sinks in river Nile

Reports warn against violence, deforestation caused by gold mining

PIA to resume flights to Kabul

UAE logs 725 new cases of COVID-19

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