FTC Files New Antitrust Lawsuit Against Facebook
FTC Files New Antitrust Lawsuit Against Facebook
The Federal Trade Commission (FTC) has filed another antitrust complaint against Facebook, claiming the social media behemoth uses its near-monopoly on social media to drive competitors out of the market.According to CNN, the new complaint was filed scarcely two months after a federal judge dismissed the FTC’s initial lawsuit, saying the agency had not provided sufficient evidence to demonstrate that Facebook has a monopoly on social media.In its most recent lawsuit, the FTC reiterated many of its original arguments.However, the Federal Trade Commission’s new complaint is 50% longer than the last, and provides detailed instances of ways in which Facebook has worked to counter its competition.
The FTC headquarters in Washington, D.C. Image via Flickr/user:Postdlf. (CCA-BY-3.0).
Sources
Facebook Hit With New Antitrust Suit From Federal Trade CommissionFTC files fresh antitrust complaint seeking to break up FacebookFTC files renewed antitrust complaint against FacebookFTC Refiles Historic Antitrust Lawsuit as Facebook Tries to Bury the News With Shiny ThingsNumber of monthly active Facebook users worldwide as of 2nd quarter 2021US Federal Trade Commission refiles lawsuit against Facebook
About Ryan J. Farrick
Ryan Farrick is a freelance writer and small business advertising consultant based out of mid-Michigan. Passionate about international politics and world affairs, he’s an avid traveler with a keen interest in the connections between South Asia and the United States. Ryan studied neuroscience and has spent the last several years working as an operations manager in transportation logistics.