Facebook wins antitrust dismissal, surges to $1 trillion value

13 Sept 09:50 Key points summarised by AI

A US judge dismissed antitrust lawsuits filed by federal and state regulators against Facebook, which aimed to reverse its acquisitions of Instagram and WhatsApp.
The federal case was rejected because the Federal Trade Commission (FTC) failed to provide sufficient evidence to plausibly establish Facebook's monopoly power in the personal social networking market.
State lawsuits were dismissed for being filed too late, specifically concerning the 2012 Instagram and 2014 WhatsApp acquisitions.
Following the ruling, Facebook's market valuation surged past $1 trillion for the first time.
While allowing the FTC the opportunity to refile with a stronger argument, the decision highlights ongoing debates about the need for updated antitrust laws to address the power of major tech firms.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.