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2020-12-09 -Land of the Free
Feds, States Sue to Break Up Facebook
[NationalReview] The Federal Trade Commission and 48 state attorneys general filed an antitrust lawsuit against Facebook on Wednesday, which, if successful, could lead to the first court-ordered breakup of a U.S. corporation in a decade.

The lawsuit claims that Facebook has engaged in anticompetitive practices and attempted to stymie or gain control over rivals to monopolize its social media network. In particular, the suit seeks to end Facebook’s control over WhatsApp and Instagram.

“Facebook recognizes that its continued ownership and operation of Instagram and WhatsApp…neutralizes their direct competitive threats,” the FTC lawsuit states. “Facebook continues to monitor the industry for competitive threats, and likely would seek to acquire any companies that constitute, or could be repositioned to constitute, threats to its personal social networking monopoly.”

The FTC is seeking “divestiture of [Facebook] assets, divestiture or reconstruction of businesses (including, but not limited to, Instagram and/or WhatsApp), and such other relief sufficient to restore the competition that would exist absent the conduct alleged in the Complaint.”

New York attorney general Letitia James announced on Wednesday that she would be leading a group of 48 state attorneys general in a separate lawsuit against Facebook, writing on Twitter that the company held an “illegal monopoly.”

The lawsuits come after the Justice Department filed an antitrust suit against search engine Google in October.
Posted by DarthVader 2020-12-09 16:51|| || Front Page|| [11135 views ]  Top

#1 Now do Google/Facebook
Posted by DarthVader 2020-12-09 16:52||   2020-12-09 16:52|| Front Page Top

#2 Just don't replace them with Chinese apps.
Posted by Ulavirong Omeager2818 2020-12-09 17:06||   2020-12-09 17:06|| Front Page Top

#3 The US Army is recruiting through TikTok. How dumb is that? The Chinese have years of internet activity of these potential recruits. No blackmail or recruiting turncoat opportunities there.
Posted by Ulavirong Omeager2818 2020-12-09 17:11||   2020-12-09 17:11|| Front Page Top

#4 Break up LA too.
Posted by Ebbomoger Speaking for Boskone4589 2020-12-09 17:53||   2020-12-09 17:53|| Front Page Top

13:12 Regular joe
13:12 mossomo
13:11 swksvolFF
13:08 Abu Uluque
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