Facebook hits $1 trillion market cap after judge rejects antitrust cases

Washington: A US 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, pegging the Menlo Park, California-based company’s market capitalisation at over $1 trillion for the first time.