Must Read
U.S. Revives Facebook Suit, Adding Details to Back Claim of a Monopoly
After a judge slammed the F.T.C.’s original lawsuit, regulators returned with a more detailed case accusing the platform of being a monopoly.
A federal judge dismissed the previous FTC suit against Facebook, and the new suit expands on arguments made in the original one.
Holly Vedova, the acting director of the FTC's Bureau of Competition, said Facebook violated anti-trust laws by buying or burying competitors.
In a statement, Facebook argued that it is not a monopolist and that its acquisitions of Instagram and WhatsApp were approved years ago by regulators.
A federal judge dismissed the original case in June, stating that the regulator provided insufficient facts to demonstrate that Facebook was a monopoly.
The new suit is nearly twice as long as the first one, providing data and relevant analysis that were lacking in the first filing.
The complaint states:
“Facebook has today, and has maintained since 2011, a dominant share of the relevant market for U.S. personal social networking services, as measured using multiple metrics: time spent, daily active users, and monthly active users.”
