Tag Archives: FTCs

An antitrust suit against Facebook by the FTC and several states had the wind taken out of its sails today by a federal judge, who ruled that the plaintiffs don’t provide enough evidence that the company exerts monopoly control over social media. The court was more receptive, however, to revisiting the acquisitions of Instagram and WhatsApp, and the case was left open for regulators to take another shot at it. The court decision was in response to a Facebook motion to dismiss the suit. Judge… Source link

A judge on Monday dismissed the Federal Trade Commission’s (FTC) antitrust lawsuit against Facebook and a separate antitrust lawsuit brought by dozens of attorneys general. Both suits alleged the social media giant is violating antitrust law by buying up competitors and depriving consumers of alternatives that would better protect their privacy. Facebook’s (FB) stock price was higher in late-afternoon trading, pushing the company’s market valuation past $1 trillion for the first time. The FTC… Source link