Facebook says Supreme Court ruling imperils U.S. FTC case against it

Reuters2021-04-29

Social media giant Facebook, in a court filing late Tuesday, said a Supreme Court ruling last week means a Federal Trade Commission antitrust lawsuit against it calling for the sale of WhatsApp and Instagram should be dismissed.

The U.S. Supreme Court last Thursday made it more difficult for the Federal Trade Commission to seek relief from companies.

Facebook argued in its court filing that the ruling allows the FTC to use a particular section of the FTC ACT only to demand that certain behavior stop, but the FTC lawsuit does not allege that it is currently breaking the law.

With the Supreme Court ruling, Facebook's lawyers argued, "the FTC lacks statutory authority to maintain its lawsuit in federal district court."

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, like Instagram for $1 billion in 2012 and WhatsApp in 2014 for $19 billion. The FTC has asked that Facebook be forced to sell WhatsApp and Instagram.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

SuperAngel
2021-04-30
SuperAngel
?
- Ryanval2007:
  yes
- SuperAngel:
  Tes
LeeWan
2021-04-29
LeeWan
?
Ryanval2007
2021-04-29
Ryanval2007
Nice
- SuperAngel:
  Yes
- Ryanval2007:
  ok
- SuperAngel:
  ResPonse comments pls
- SuperAngel:
  Tes

Leave a comment

3

12

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1135096890?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-29 10:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1135096890","market":"us","top_or_hot":-1,"title":"Facebook says Supreme Court ruling imperils U.S. FTC case against it","media":"Reuters","content":"<p>Social media giant Facebook, in a court filing late Tuesday, said a Supreme Court ruling last week means a Federal Trade Commission antitrust lawsuit against it calling for the sale of WhatsApp and Instagram should be dismissed.</p>\n<p>The U.S. Supreme Court last Thursday made it more difficult for the Federal Trade Commission to seek relief from companies.</p>\n<p>Facebook argued in its court filing that the ruling allows the FTC to use a particular section of the FTC ACT only to demand that certain behavior stop, but the FTC lawsuit does not allege that it is currently breaking the law.</p>\n<p>With the Supreme Court ruling, Facebook's lawyers argued, \"the FTC lacks statutory authority to maintain its lawsuit in federal district court.\"</p>\n<p>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, like Instagram for $1 billion in 2012 and WhatsApp in 2014 for $19 billion. The FTC has asked that Facebook be forced to sell WhatsApp and Instagram.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook says Supreme Court ruling imperils U.S. FTC case against it</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook says Supreme Court ruling imperils U.S. FTC case against it\n</h2>\n\n<h4 class=\"meta\">\n\n2021-04-29 10:20 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Social media giant Facebook, in a court filing late Tuesday, said a Supreme Court ruling last week means a Federal Trade Commission antitrust lawsuit against it calling for the sale of WhatsApp and ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":null,"article_id":"1135096890","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1135096890","pubTimestamp":1619662840,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Social media giant Facebook, in a court filing late Tuesday, said a Supreme Court ruling last week m","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Facebook称最高法院的裁决危及美国联邦贸易委员会对其的起诉","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FB":0.9},"content_text":"Social media giant Facebook, in a court filing late Tuesday, said a Supreme Court ruling last week means a Federal Trade Commission antitrust lawsuit against it calling for the sale of WhatsApp and Instagram should be dismissed.\nThe U.S. Supreme Court last Thursday made it more difficult for the Federal Trade Commission to seek relief from companies.\nFacebook argued in its court filing that the ruling allows the FTC to use a particular section of the FTC ACT only to demand that certain behavior stop, but the FTC lawsuit does not allege that it is currently breaking the law.\nWith the Supreme Court ruling, Facebook's lawyers argued, \"the FTC lacks statutory authority to maintain its lawsuit in federal district court.\"\nThe 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, like Instagram for $1 billion in 2012 and WhatsApp in 2014 for $19 billion. The FTC has asked that Facebook be forced to sell WhatsApp and Instagram.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":103170977,"gmtCreate":1619760716999,"gmtModify":1704271996047,"author":{"id":"3582017708065945","authorId":"3582017708065945","name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582017708065945","idStr":"3582017708065945"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/103170977","repostId":1135096890,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4185164,"gmtCreate":1619806279181,"gmtModify":1680786403710,"authorId":3582010571984381,"author":{"id":3582010571984381,"idStr":"3582010571984381","authorId":3582010571984381,"name":"Ryanval2007","avatar":"https://static.tigerbbs.com/56e4ec2fa88bc5dc5b36c83b42a63ba1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103170977,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"},{"id":4180036,"gmtCreate":1619760755640,"gmtModify":1680786323364,"authorId":3582017708065945,"author":{"id":3582017708065945,"idStr":"3582017708065945","authorId":3582017708065945,"name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103170977,"type":1,"supId":0,"prevId":0,"content":"Tes","text":"Tes","html":"Tes"}],"langContent":"EN"},{"id":109394816,"gmtCreate":1619662966835,"gmtModify":1704727619604,"author":{"id":"3558097748623340","authorId":"3558097748623340","name":"LeeWan","avatar":"https://static.tigerbbs.com/88769849d29a340fce73355c249755a4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3558097748623340","idStr":"3558097748623340"},"htmlText":"?&nbsp;","listText":"?&nbsp;","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109394816","repostId":1135096890,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109395942,"gmtCreate":1619662906586,"gmtModify":1704727617494,"author":{"id":"3582010571984381","authorId":"3582010571984381","name":"Ryanval2007","avatar":"https://static.tigerbbs.com/56e4ec2fa88bc5dc5b36c83b42a63ba1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582010571984381","idStr":"3582010571984381"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/109395942","repostId":1135096890,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4185187,"gmtCreate":1619806797658,"gmtModify":1680786402236,"authorId":3582017708065945,"author":{"id":3582017708065945,"idStr":"3582017708065945","authorId":3582017708065945,"name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109395942,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"},{"id":4185155,"gmtCreate":1619806072694,"gmtModify":1680786399741,"authorId":3582010571984381,"author":{"id":3582010571984381,"idStr":"3582010571984381","authorId":3582010571984381,"name":"Ryanval2007","avatar":"https://static.tigerbbs.com/56e4ec2fa88bc5dc5b36c83b42a63ba1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109395942,"type":1,"supId":4180026,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4180026,"gmtCreate":1619760699289,"gmtModify":1680786322376,"authorId":3582017708065945,"author":{"id":3582017708065945,"idStr":"3582017708065945","authorId":3582017708065945,"name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109395942,"type":1,"supId":0,"prevId":0,"content":"ResPonse comments pls","text":"ResPonse comments pls","html":"ResPonse comments pls"},{"id":4173866,"gmtCreate":1619711365368,"gmtModify":1680786225306,"authorId":3582017708065945,"author":{"id":3582017708065945,"idStr":"3582017708065945","authorId":3582017708065945,"name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109395942,"type":1,"supId":0,"prevId":0,"content":"Tes","text":"Tes","html":"Tes"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":12,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1135096890"}