FTC refiles antitrust suit against Facebook

FILE- In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. A German federal court has faulted aspects of Facebook’s handling of “hate speech,” at least in the past. It ruled Thursday that the social network giant can’t delete posts without at least informing users afterward, and must give users advance notice when it moves to suspend their accounts. (AP Photo/Richard Drew, File)

The logo for Facebook appears on screens at the Nasdaq MarketSite in New York’s Times Square. (AP Photo/Richard Drew, File)

The Federal Trade Commission (FTC) has refiled a claim in federal court alleging that Facebook (FB) is breaking antitrust laws, buy running an illegal “buy-or-bury” scheme.

“Facebook has maintained its monopoly position in significant part by pursuing CEO Mark Zuckerberg’s strategy, expressed in 2008: ‘it is better to buy than compete,'” the agency wrote in its


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *