Meta Platforms cannot delay the U.S. Federal Trade Commission from reopening a probe into alleged privacy failures by its Facebook unit while the company pursues a lawsuit challenging the agency’s authority, a U.S. court ruled Friday, Reuters’ Mike Scarcella and David Shepardson report. The Washington, D.C.-based U.S. Court of Appeals for the D.C. Circuit in its order found that Meta had not shown its challenge was likely to be successful. The court said Meta has “not met its heavy burden of showing entitlement to an injunction pending appeal.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Spanish Language Media Outshines English-Only Counterparts as Investors Cheer ‘¡Olé!’
- Can Advanced Micro Devices Stock (NASDAQ:AMD) be the Next Nvidia?
- Canada schools sue Meta, Snap, TikTok for ‘disruption’ to education
- Altimeter Capital Shows Faith in TSLA and GOOGL Stocks
- Amazon (NASDAQ:AMZN) Boosts Anthropic Investment, Intensifies AI Push
Questions or Comments about the article? Write to editor@tipranks.com