CNN NEWSWIRE - June 30 - A federal court has dismissed the FTC's antitrust complaint against Facebook, saying the agency had failed to provide evidence for its claim that the social media giant holds a monopoly in social networking. Judge James Boasberg wrote that the FTC did not do enough to back up its assertion that Facebook holds a 60%+ share of the social media market. Facebook's stock ended Monday up ~4% following the news, pushing the company's market value above $1T for the first time.
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