Welcome to the Tech Mem Ride Home for Tuesday, June 29th, 2021.

I'm Brian McCullough today.

A judge has completely thrown out the FTC's antitrust lawsuit against Facebook and sent the FTC back to the drawing board.

Microsoft and Open AI and GitHub have a tool that will suggest code to you as you code and Sam Altman as I understand

this wants to do universal basic income on the blockchain but first he wants to

scan your eyeball here's what you missed today in the world of

tech. The seeming inexorable march of antitrust action against major tech

companies here in the US has been thrown completely

into disarray because yesterday a US district court straight up dismissed the

FTC's antitrust complaint against Facebook saying the FTC's antitrust complaint against Facebook saying the

FTC's definition of market dominance was insufficient. But and big but here

the FTC is allowed to go back to the drawing board and refile a complaint, quoting

CMBC.

The court ruled Monday that the FTC failed to prove its main contention and the cornerstone

of the case, that Facebook holds monopoly power

in the US personal social networking market.

Quote, although the court does not agree with all of Facebook's contentions here, it ultimately concurs that the agency's complaint is

legally insufficient and must therefore be dismissed, reads the filing from the U.S. District

Court for the District of Columbia, quote,

the FTC has failed to plead enough facts

to plausibly establish a necessary element

of all of its Section 2 claims, namely

...