Facebook antitrust case: Here’s what you need to know
San Francisco CNN Business — The US government just opened another big new front on the techlash. “Facebook’s actions to entrench and maintain its monopoly deny consumers the benefits of competition,” Ian Conner, Director of the FTC’s Bureau of Competition, said in a statement. “Our aim is to roll back Facebook’s anticompetitive conduct and restore competition so that innovation and free competition can thrive.” Will Facebook be broken up? Facebook pushed back on the allegations laid out in the lawsuits, with its VP and General Counsel Jennifer Newstead criticizing the FTC’s scrutiny of the WhatsApp and Instagram deals, given that the agency itself “cleared these acquisitions years ago.” “The government now wants a do-over, sending a chilling warning to American business that no sale is ever final,” Newstead added. James said at the time they were “concerned that Facebook may have put consumer data at risk, reduced the quality of consumers’ choices, and increased the price of advertising.” Facebook CEO Mark Zuckerberg has been grilled several times in the months since then over allegations of his company’s anticompetitive behavior, including by lawmakers and more recently by the FTC.
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