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Meta could avoid antitrust control

Meta could avoid antitrust control

Facebook's lower market capitalization could have an unexpected advantage for the company. With a lower market capitalization, company could avoid the new incoming antitrust scrutiny. The $ 600 billion market capitalization is a number chosen by House of Representatives lawmakers as a frontier in a package of competition laws designed specifically for the Big Tech industry.

The meta recently announced results, bringing its market capitalization below $ 600 billion, for the first time since May 2020. Technology giant shares fell 2.1%, reaching a market capitalization of $ 599.32 billion, which is below the critical threshold for application of antitrust and control rules.

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Performance over 5 years for Meta Platforms Inc (Source: Investing.com)