Facebook has done it again, dodging another regulatory bullet this week after a U.S. district court threw out the Federal Trade Commission’s antitrust case against the tech colossus. But Facebook is not out of the woods, according to a number of analysts and lawmakers.
“The ruling was a surprise to The Street, but we view it as a long ‘Game of Thrones’ battle between Facebook, Amazon, Apple and Alphabet vs. the Beltway over the coming years,” Wedbush analyst Dan Ives told TheWrap. “This is a very complex issue and the surprise ruling adds even more complexity to this antitrust hot-button issue on both sides.”