)
Facebook Hits $1 Trillion Value After US Judge Rejects Anti-Trust Complaints
News 18A US judge on Monday dismissed federal and state antitrust complaints against Facebook that sought to force the social media company to sell Instagram and WhatsApp, saying the federal complaint was “legally insufficient.” Facebook shares rose more than 4 percent after the ruling. A spokesperson for the New York Attorney General’s office said it was “considering our legal options.” Facebook had asked for the lawsuits to be dismissed. Regarding the FTC lawsuit, the judge wrote: “Although the court does not agree with all of Facebook’s contentions here, it ultimately concurs that the agency’s complaint is legally insufficient and must therefore be dismissed.” A Facebook spokesperson said: “We are pleased that today’s decisions recognise the defects in the government complaints filed against Facebook.” An FTC spokesperson said the agency was “closely reviewing the opinion and assessing the best option forward.” A bright spot for the FTC in the opinion was the judge’s saying that the agency was “on firmer ground in scrutinizing the acquisitions of Instagram and WhatsApp, as the court rejects Facebook’s argument that the FTC lacks authority to seek injunctive relief against those purchases.” The FTC and a big group of states filed separate lawsuits last year that accused Facebook of breaking antitrust law to keep smaller competitors at bay by snapping up rivals, such as Instagram for $1 billion and WhatsApp for $19 billion. The federal government and states filed a total of five lawsuits against Facebook and Alphabet’s Google last year following bipartisan outrage over their social media clout in the economy and the political sphere.
History of this topic
Meta faces April trial in FTC case seeking to unwind Instagram merger
The Hindu)
Court allows multi-billion dollar lawsuit against Meta; privacy breach comes back to haunt Zuckerberg
Firstpost)
Facebook let Netflix see user DMs, was planning to start own streaming service, claims lawsuit
Firstpost
Facebook must face $3.8 bln UK mass action over market dominance, tribunal rules
The Hindu
Facebook parent Meta sues the FTC claiming 'unconstitutional authority' in child privacy case
The Hindu
FTC proposes ban on Meta profiting from minors’ data
The Hindu
$3.7 billion UK mass action against Facebook over market dominance rejected for now
The Hindu
Facebook seeks to block $3.7 billion UK mass action over market dominance
The Hindu
Facebook parent Meta will pay $725M to settle user data case
The Hindu
Facebook owner Meta to pay biggest ever fine of its kind over data privacy
The Independent
Facebook parent Meta to settle Cambridge Analytica scandal case for $725 million
Live Mint
Meta reaches $37.5 million settlement of Facebook location tracking lawsuit
The Hindu
U.S. Chamber sides with Facebook in antitrust appeal
The Hindu
Meta’s Facebook to pay $90 million to settle privacy lawsuit over user tracking
Live Mint
US judge dismisses Facebook’s request to throw out monopoly case
Al JazeeraFacebook invests billions in metaverse efforts as ad business suffers
The Hindu
Facebook stock: Wall Street sends a clear message to the social media company
CNN
Facebook pours billions into ‘metaverse’ as ad business falters
Al Jazeera
Facebook fined $70 million for ‘deliberate’ failure to comply with UK regulator
CNN
Facebook asks court to dismiss FTC antitrust complaint
Associated Press
Whistleblower says Facebook put profit before reining in hate speech
Live Mint
Facebook asks court to toss FTC lawsuit over its buys of Instagram and WhatsApp
NPRFacebook warns it is 'underreporting' iOS ad results amid Apple privacy changes
The HinduFTC says Facebook 'bought and buried' rivals in renewed antitrust fight
The Hindu
Federal Trade Commission Refiles Suit Accusing Facebook Of Illegal Monopoly
NPRFTC says Facebook misused privacy decree to shut down ad research
The Hindu
Judge dismisses gov’t antitrust lawsuits against Facebook
Associated PressJudge Dismisses Competition Cases Against Facebook; Facebook Shares Hit Record Highs
The Hindu
Facebook joins $1 trillion club after antitrust win
The Telegraph
Facebook Gets Reprieve As Court Throws Out Major Antitrust Complaints
NPR
Facebook: European regulators open twin antitrust investigations
CNN
US government, states ask judge to deny Facebook's request to dismiss lawsuits
India TodayGoogle secretly gave Facebook perks, data in ad deal, U.S. states allege
The HinduAustralia sues Facebook over user data, echoing U.S. antitrust case
The Hindu
Facebook faces antitrust lawsuit from federal government and states : Planet Money : NPR
NPR
Breaking up: The Hindu Editorial on lawsuits against Facebook
The HinduThe Hindu Explains | Why are the the recent accusations against Facebook significant, and what do they entail?
The Hindu
Facebook antitrust case: Here’s what you need to know
CNN
'The Wrath Of Mark': 4 Takeaways From The Government's Case Against Facebook
NPR
US antitrust siege of tech widens with lawsuits vs Facebook
Associated PressFacebook sued for ‘predatory’ conduct by U.S. government, States
The Hindu)
US trade commission and over 40 states accuse Facebook of illegally crushing competition
Firstpost
The legal battle to break up Facebook is underway. Now comes the hard part
CNN
US govt, states sue Facebook for ‘predatory’ conduct
Associated Press
Editorial: Facebook is too big. Breaking it up is just part of the solution
LA Times
Facebook antitrust lawsuit: Dozens of states and the FTC sue company for alleged anticompetitive behavior
CNN
48 AGs, FTC Sue Facebook, Alleging Illegal Power Grabs To 'Neutralize' Rivals
NPR
Facebook may face antitrust charges from the US
India Today)
Facebook Used Its Data Monopoly to Kill Competition, Says Antitrust Committee Report
News 18Discover Related
)
)
)
)
)
)
