Facebook Accused Of Breaking Antitrust Laws - FTC & 46 State Lawsuit

Facebook Accused of Breaking Antitrust Laws

The US Federal Trade Commission and 46 states have brought antitrust cases against Facebook, accusing the company of using its social-media dominance to crush competition and calling for penalties that could include a forced break-up.
The FTC accused Facebook of conducting a “years-long course of anti-competitive conduct”, which included strategically buying up rivals that threatened its monopoly power and cutting off services to squeeze rival developers.
In particular, the FTC highlighted the social media company’s acquisitions of Instagram and WhatsApp in 2012 and 2014, respectively, as designed to neutralise competition.
The FTC said it was seeking a permanent injunction in federal court that could potentially require Facebook to unwind its Instagram and WhatsApp acquisitions, or to seek approval before making any future acquisitions.
In a separate lawsuit, a group of 46 states and two other jurisdictions — led by New York attorney-general Letitia James — described the Silicon Valley group as carrying out a “buy or bury” approach towards its rivals, which in turn “deprived users from the benefits of competition and reduced privacy protections and services along the way”.

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Видео Facebook Accused Of Breaking Antitrust Laws - FTC & 46 State Lawsuit канала Patrick Boyle