FTC urges courts not to dismiss Facebook antitrust case

  • FTC urges courts not to dismiss Facebook antitrust case

    updated 1 week, 4 days ago 1 Member · 1 Post
  • Anonymous

    Member
    April 8, 2021 at 2:34 PM
    Up
    0
    Down

    Enlarge / Facebook CEO Mark Zuckerberg. (credit: Chip Somodevilla/Getty Images)

    The Federal Trade Commission on Wednesday urged a federal judge in DC to reject Facebook’s request to dismiss the FTC’s high-stakes antitrust lawsuit. In a 56-page legal brief, the FTC reiterated its arguments that Facebook’s profits have come from years of anticompetitive conduct.

    “Facebook is one of the largest and most profitable companies in the history of the world,” the FTC wrote. “Facebook reaps massive profits from its [social networking] monopoly, not by offering a superior or more innovative product because it has, for nearly a decade, taken anticompetitive actions to neutralize, hinder, or deter would-be competitors.”

    The FTC’s

    Visit the Source

Sort by:

Log in to reply.

Original Post
0 of 0 posts June 2018
Now

New Report

Close