Tuesday, October 27
TechCourts & lawupdated yesterday

Does the DC Circuit revive the FTC's Meta monopoly case?

Will the U.S. Court of Appeals for the D.C. Circuit reverse or vacate Judge Boasberg's November 2025 ruling that the FTC failed to prove Meta Platforms illegally monopolized personal social networking through its Instagram and WhatsApp acquisitions, rather than affirming the district court's judgment for Meta?

25% yes — DC Circuit revives the FTC's case

Leaning toward affirmance — Boasberg's findings came out of a full bench trial, and appellate courts generally defer to a trial court's factual findings absent clear error, making a full reversal a genuine uphill climb for the FTC

The case for reviving the claims (yes): the FTC's own reply brief argues the district court applied the wrong legal standard by requiring proof of ongoing monopoly power rather than monopoly power at the time of the challenged conduct, a purely legal question the D.C. Circuit reviews without the usual deference given to factual findings, and the Trump administration's FTC has continued pressing the appeal rather than settling or dropping it. The case for affirmance (no): Boasberg's ruling followed a full bench trial with detailed factual findings on market definition and competitive dynamics, the Washington Legal Foundation and other amici argue the district court's legal analysis was sound, and federal appellate courts have historically been reluctant to overturn well-reasoned bench-trial antitrust rulings on the merits.

No fixed date · FTC filed its notice of appeal Jan 20, 2026 (D.C. Cir. No. 26-5028); briefing is well advanced with the FTC's reply brief filed Sept 29, 2026, but no oral-argument date has been set

Today's (Oct 27) check confirmed the same briefing timeline already on file via the D.C. Circuit's own clerk's-office schedule: the FTC's opening brief (May 22, 2026), Meta's appellee brief (Aug 20, 2026) and the FTC's reply (Sept 29, 2026) are all in, with the deferred appendix due Oct 6, 2026 — briefing is now complete, but no oral-argument date has yet been set. Judge James Boasberg ruled for Meta in November 2025 after a bench trial, finding the FTC had not proven Meta currently holds monopoly power in personal social networking, citing competition from TikTok and other newer platforms, and denying the FTC's request to force a divestiture of Instagram and WhatsApp. A coalition of more than two dozen states led by Texas filed an amicus brief supporting the FTC on May 29, 2026, alongside the Washington Legal Foundation's Aug 27 brief supporting Meta.

The appellate panel either reverses or vacates the district court's judgment for Meta (reviving the case, including the possibility of a future divestiture remedy) or affirms it — a discrete appellate holding with no partial outcome.

Researched Oct 27, 2026 · tracked since Oct 26, 2026 · 2 readings

100500Oct 26, 2026: 25%Oct 27, 2026: 25%
25% Oct 26, 202625% Oct 27, 2026

What do you think?

Take a side

DC Circuit revives the FTC's casethis is “yes”

The FTC's reply brief argues the district court applied the wrong legal standard — a purely legal question reviewed without the deference given to factual findings — and the agency has continued pressing the appeal rather than settling, keeping the structural-remedy threat against Meta alive.

Short
META Meta Platforms, Inc.The direct defendant; a reversal reopens the case and the possibility of an eventual forced divestiture of Instagram and/or WhatsApp, while an affirmance ends this particular antitrust threat.
Short
XLC Communication Services Select Sector SPDR FundA heavily Meta-weighted sector ETF; moves with the diluted version of Meta's own reaction.
Short
MTCH Match Group, Inc.A digital-advertising-adjacent consumer app company whose competitive position benefits modestly from Meta's ad-platform dominance remaining intact and unthreatened by a breakup.
Long
SNAP Snap Inc.A direct social-media competitor that the FTC's original case argued was harmed by Meta's consolidation of Instagram and WhatsApp; a reversal reopens the path toward the market-structure remedy the FTC originally sought.
Long
PINS Pinterest, Inc.A second social/visual-discovery competitor named in antitrust discussion of Meta's ad-market dominance; benefits similarly to Snap from a revived case and the prospect of reduced Meta market power.
Long
BUR Burford Capital LimitedThe largest US-listed litigation funder; a revived, high-profile antitrust case against one of the world's largest companies is exactly the kind of large, fundable claim category this business profits from, including any follow-on private antitrust suits it could enable.

Worth knowing: A reversal only sends the case back for further proceedings or a new trial — it does not itself order any divestiture, so the near-term practical impact on Meta's business would likely be limited even if the FTC wins this round.

DC Circuit affirms the ruling for Meta

Boasberg's ruling followed a full bench trial with detailed factual findings that appellate courts are generally reluctant to disturb absent clear error, and amici including the Washington Legal Foundation argue the district court's legal analysis was sound.

Long
META Meta Platforms, Inc.The direct defendant; a reversal reopens the case and the possibility of an eventual forced divestiture of Instagram and/or WhatsApp, while an affirmance ends this particular antitrust threat.
Long
XLC Communication Services Select Sector SPDR FundA heavily Meta-weighted sector ETF; moves with the diluted version of Meta's own reaction.
Long
MTCH Match Group, Inc.A digital-advertising-adjacent consumer app company whose competitive position benefits modestly from Meta's ad-platform dominance remaining intact and unthreatened by a breakup.
Short
SNAP Snap Inc.A direct social-media competitor that the FTC's original case argued was harmed by Meta's consolidation of Instagram and WhatsApp; a reversal reopens the path toward the market-structure remedy the FTC originally sought.
Short
PINS Pinterest, Inc.A second social/visual-discovery competitor named in antitrust discussion of Meta's ad-market dominance; benefits similarly to Snap from a revived case and the prospect of reduced Meta market power.
Short
BUR Burford Capital LimitedThe largest US-listed litigation funder; a revived, high-profile antitrust case against one of the world's largest companies is exactly the kind of large, fundable claim category this business profits from, including any follow-on private antitrust suits it could enable.

Worth knowing: An affirmance ends this specific case but doesn't foreclose future antitrust scrutiny of Meta from other angles, including ongoing state-level or international investigations.

6 sources, leaning both ways