FTC vs FB
The U.S. Federal Trade Commission asks the court to allow its antitrust lawsuit against Facebook. FTC says that that the company’s had an “exclusionary conduct”, shutting out new competition.
In August, the FTC refreshed its antitrust case against Facebook. But in the new version, it also added details on the accusation that Facebook crushed or bought out other rivals. The agency requested that a judge force them to sell Instagram and WhatsApp.
The FTC has been steadily increasing its push against big tech companies, and this lawsuit is one of their most significant challenges.
According to the Commission, for more than a decade, Facebook’s dominance has been so hegemonic and it has established itself as a monopoly. In the statement if filed to the U.S. District Court for the District of Columbia, it mentions that, Facebook’s market share (>72%) exceeds the level of a monopoly.
The Commission mentioned that Facebook bought Instagram and WhatsApp in order to maintain its monopoly.
Still, Facebook (now Meta) denied the allegations, saying that these claims “ignore the reality.” According to a spokesperson, the court should dismiss this second complaint, as it did with the first one. He mentioned that users have now more choices to connect and communicate online.
Facebook argued that FTC Chair Lina Khan should not have the right to vote on this case. They said that she had prejudged the case before she was nominated to the commission. The FTC maintained that it was the court, not the commission, which would decide this case. Facebook said that Khan had already pre-judged the case because of her previsous work.
Thus, if this case goes to the court, it might be one of the most difficult ones for the social media platform. And the U.S. Federal Trade Commission does not intend to step back.
If you rely on a dependable internet connection for work-related tasks, online classes, or recreational…
Ethernet is essential for an uninterrupted internet connection. However, to ensure the LAN cable functions…
If you own an Epson scanner or multi-function printer, installing the right software is the…
Logitech K400 Plus is a wireless touch keyboard, perfect for lazy browsing or streaming sessions,…
You don’t think you need an Android app store alternative until you really need it.…
The CP2102 driver is a connecting bridge between your computer and UART devices. It helps…