Facebook hits $1 trillion value after judge rejects antitrust complaints


FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

WASHINGTON (Reuters) -A U.S. judge on Monday dismissed federal and state antitrust complaints against Facebook Inc that sought to force the social media company to sell Instagram and WhatsApp, saying the federal complaint was "legally insufficient."

Facebook shares rose more than 4% after the ruling. The share price rise put Facebook's market capitalization over $1 trillion for the first time.

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