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2026 Network L. Rev. 1 (2026)

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                               ARTICLE



   Antitrust Antidote: October-December 2025



      Jeremy  Sandford, Nathan  Wilson, and Koren  W. Wong-Ervin


Welcome  to the Antitrust Antidote-a quarterly publication analyzing significant
U.S. antitrust decisions from legal and economic perspectives. Authored by former
Federal Trade Commission (FTC) enforcer Koren W. Wong-Ervin with former FTC
economist co-authors Jeremy Sandford and Nathan Wilson. The title of this series,
Antitrust Antidote, while mostly meant to be humorous (perhaps limited to those
who have heard Koren's let's talk economics as a cure for a bad day), also refers to
the practical guidance we aim to provide throughout the series.We hope you enjoy it!



There were a number of decisions from October through December 2025, including:
(1)FTCv. Meta,in which the courtreliedheavily on experimental field study research
in concluding that Meta is not a monopolist; (2) Bakay et al. v. Apple, in which the
Ninth Circuit affirmed dismissal of a putative consumer class action against Apple
for lack of Article III standing as to the injunctive relief sought and for lack of
antitrust standing; (3) a Sixth Circuit decision on antitrust injury and proximate
cause; (4)a Seventh Circuit decision on tying and the separate products requirement;
and (5) a monopsony case in which a lower court accepted essentially a single-player
relevant market.

FTC  v. Meta Platforms, Inc. (D.D.C.)

(market definition; monopoly power)

    On November   18, 2025, following a lengthy bench trial, Chief Judge James
Boasberg held that the FTC failed to prove that Meta unlawfully monopolized the
market  for personal social networking through its long-ago consummated
acquisitions of Instagram (in 2012) and WhatsApp (in 2014). The court emphasized
the dynamic nature of the market, withapps surging and receding, chasing one craze
and moving  on from others, and adding new features with each passing year,
criticizing the FTC for continuing to insist that Meta competes with the same old
rivals it has for the last decadeand holds a monopoly among that small set.