A US judge on Monday dismissed the blockbuster antitrust action against Facebook filed last year by federal and state regulators, helping lift the value of the social media giant above $1 trillion for the first time. Judge James Boasberg of the US District Court of Washington, DC dismissed the cases filed in December by the Federal Trade Commission and more than 40 states, which could have rolled back Facebook’s acquisition of Instagram and the messaging platform WhatsApp. The federal lawsuit “failed to plead enough facts to plausibly establish a necessary element… that Facebook has monopoly power in the market for personal social networking services,” the judge said in a 53-page opin
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