Facebook shares posted their biggest intraday gain in two months after it won a dismissal of two antitrust cases, pushing its market value above $1 trillion for the first time. The social-media giant jumped as much as 4.4%, the most since April 29 after a judge granted Facebook’s request to dismiss the complaints filed last year by the U.S. Federal Trade Commission and state attorneys general.
A federal court on Monday dismissed the Federal Trade Commission’s antitrust complaint against Facebook, dealing a major setback for the agency’s complaint that could have resulted in Facebook divesting Instagram and WhatsApp.
“Although the Court does not agree with all of Facebook’s contentions here, it ultimately concurs that the agency’s complaint is legally insufficient and must therefore be dismissed,” reads the filing from U.S. District Court for the District of Columbia. “The FTC has failed to plead enough facts to plausibly establish a necessary element of all of its Section 2 claims — namely, that Facebook has monopoly power in the market for Personal Social Networking (PSN) Services.” The court dismissed the complaint, not the case, meaning the FTC could file its complaint once again.
This is really a blow to for anyone who wants Facebook to be held accountable for their bad behavior. Hopefully the FTC refiles the complaint as something has to be done about Facebook.
Microsoft Tries To Clarify Windows 11 System Requirements
Posted in Commentary with tags Microsoft on June 28, 2021 by itnerdOn Saturday, I posted a story on the rather hefty system requirements for Windows 11. There must have been one hell of a blowback from that because Microsoft has now posted a blog post to clarify this situation:
The intention of today’s post is to acknowledge and clarify the confusion caused by our PC Health Check tool, share more details as to why we updated the system requirements for Windows 11 and set the path for how we will learn and adjust. Below you will find changes we are making based on that feedback, including ensuring we have the ability for Windows Insiders to install Windows 11 on 7th generation processors to give us more data about performance and security, updating our PC Health check app to provide more clarity, and committing to more technical detail on the principles behind our decisions. With Windows 11, we are focused on increasing security, improving reliability, and ensuring compatibility. This is what drives our decisions.
Reading the rest of the blog post, they try to clear this up. But I don’t think this is going away anytime soon. But I guess that Windows Insiders will find out what the truth is as the first Insider build is available today. The results will be all over Twitter shortly after people try that build out.
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