Posted on Jan 11, 2022
Judge allows Federal Trade Commission's latest suit against Facebook to move forward
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https://www.npr.org/2022/01/11/ [login to see] /judge-allows-federal-trade-commissions-latest-suit-against-facebook-to-move-forw
The Federal Trade Commission's antitrust lawsuit against Facebook can proceed, a federal judge ruled on Tuesday, delivering a major win for the agency after its first attempt at targeting the company's alleged monopoly power was dismissed for lack of evidence.
This time, however, the judge found that federal regulators have offered enough proof to argue that Facebook's acquisition strategy — particularly its takeover of Instagram and WhatsApp — is driven by a "buy or bury" ethos. In other words, that Facebook allegedly gobbles up competitors in order to maintain an illegal monopoly.
"Although the agency may well face a tall task down the road in proving its allegations, the Court believes that it has now cleared the pleading bar and may proceed to discovery," wrote U.S. District Judge James Boasberg, noting that "the FTC has now alleged enough facts to plausibly establish that Facebook exercises monopoly power in the market for [personal social networking] services."
The Federal Trade Commission's antitrust lawsuit against Facebook can proceed, a federal judge ruled on Tuesday, delivering a major win for the agency after its first attempt at targeting the company's alleged monopoly power was dismissed for lack of evidence.
This time, however, the judge found that federal regulators have offered enough proof to argue that Facebook's acquisition strategy — particularly its takeover of Instagram and WhatsApp — is driven by a "buy or bury" ethos. In other words, that Facebook allegedly gobbles up competitors in order to maintain an illegal monopoly.
"Although the agency may well face a tall task down the road in proving its allegations, the Court believes that it has now cleared the pleading bar and may proceed to discovery," wrote U.S. District Judge James Boasberg, noting that "the FTC has now alleged enough facts to plausibly establish that Facebook exercises monopoly power in the market for [personal social networking] services."
Judge allows Federal Trade Commission's latest suit against Facebook to move forward
Posted from npr.org
Lawsuit
Facebook
Social Media
Posted >1 y ago
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Guess the right-wingers will have to see which side Fox News takes before the say anything.
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This will be interesting. During discovery they may find out other stuff. Wonder how Facebook stores their electronic communications. Do they have two books as they say in accounting.
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