U.S. FTC says court docket ought to enable antitrust lawsuit towards Fb to proceed

WASHINGTON, Nov. 17 (Reuters) – The US Federal Trade Commission said Wednesday that a federal court should allow an antitrust lawsuit against Facebook (FB.O) for “disrupting the competitive process with targeted attacks.” Threats from exclusionary behavior. “

In August, the FTC updated its antitrust case against Facebook, now Meta Platforms, adding details on the allegation that the social media company smashed or bought rivals and ordered a judge to force it to sell Instagram and WhatsApp . Continue reading

The lawsuit represents one of the most significant challenges the FTC has posed against a tech company in decades, and it is being watched closely as Washington seeks to address big tech’s extensive market power. Continue reading

In a filing with the U.S. District Court for the District of Columbia, the FTC said that Facebook’s market share – for example, more than 70% of daily active users – exceeds the level required to establish monopoly power.

Facebook tried to maintain its monopoly by buying the photo sharing app Instagram and the secure messaging app WhatsApp.

Meta disagreed.

“The FTC has filed another monopoly case without a monopoly. Their claims ignore the reality that people have more choices than ever in how to share, connect and communicate, and their second complaint should be dismissed as well as the first, ”a meta-spokesperson said in a statement.

The FTC also argued that Facebook was wrong in dismissing Chairman Lina Khan from the vote to approve the amended complaint. The FTC said it was originally filed before being nominated to the commission and it would be the court, not the commission, that ruled the case.

Facebook had said Khan anticipated the case because of her previous work.

Reporting by Diane Bartz and Chris Sanders, editing by Rosalba O’Brien and Grant McCool

Our Standards: The Thomson Reuters Trust Principles.

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