Facebook Hit With New Antitrust Suit From Federal Trade Commission

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Facebook Hit With New Antitrust Suit From Federal Trade Commission

The Wall Street Journal2021-08-20

FTC files amended suit after original complaint was thrown out, denies Facebook request for Chairwoman Lina Khan’s recusal Facebook is facing pressure from regulators who allege the tech giant has ...

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Comment（10）

yumiTT
·2021-08-20
Good
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2
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sQzC
·2021-08-20
Pls like!
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Like
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EY12
·2021-08-20
Like
Reply
4
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- EY12:
  hi
  2021-08-20
  Reply
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Jackosen
·2021-08-20
Not again
Reply
2
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JFK
·2021-08-20
Pls like
Reply
5
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- AdrinaChow:
  ok
  2021-08-20
  Reply
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- Greg2021:
  pls comment
  2021-08-20
  Reply
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ASMH
·2021-08-20
Like
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3
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moneytools
·2021-08-20
Ok
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2
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- JFK:
  Ok
  2021-08-20
  Reply
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NRN
·2021-08-20
Will still ? over the long term
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4
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- Nickystonks:
  yes. one of the biggest advertising platforms
  2021-08-20
  Reply
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wallflowere
·2021-08-20
Like n comment pls
Reply
1
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- MoneyCub:
  Ok
  2021-08-20
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- AhKeong:
  ok done, your turn pls
  2021-08-20
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- KHW:
  .
  2021-08-20
  Reply
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GohKS
·2021-08-20
Latest. Please like and comment. Thank you.
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3
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- wallflowere:
  k
  2021-08-20
  Reply
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- Kingkong1234:
  Ok
  2021-08-20
  Reply
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The commission denied Facebook’s request that Ms. Khan, a Democrat, be recused because of her past criticism of big tech companies.\nThe FTC’s amended complaint comes after a federal judge in June dismissed the agency’s original lawsuit, saying it didn’t make sufficient allegations to support claims that Facebook engaged in unlawful monopolization.\nWith its new, 80-page lawsuit, the FTC seeks to tell a longer, more detailed story about why it believes Facebook is a dominant force that uses its power to hobble any rival that might threaten its market position.\nThe FTC’s core allegations remain the same as its original complaint from December: that Facebook unlawfully sought to suppress competition by buying up potential rivals such as the messaging platform WhatsApp and image-sharing app Instagram. The commission is seeking to unwind those deals.\nThe lawsuit also attempts to revive FTC arguments that Facebook has sought to bury other competitors through strong-arm tactics, such as preventing third-party app developers from accessing Facebook’s platform.\n“After failing to compete with new innovators, Facebook illegally bought or buried them when their popularity became an existential threat,” said Holly Vedova, acting director of the FTC’s bureau of competition.\nFacebook said it fights “to win people’s time and attention every day” and accused the FTC of seeking to “rewrite antitrust laws and upend settled expectations of merger review” by suing now, after earlier letting Facebook acquire WhatsApp and Instagram without objection.\n“It is unfortunate that despite the court’s dismissal of the complaint and conclusion that it lacked the basis for a claim, the FTC has chosen to continue this meritless lawsuit,” the company said Thursday. “There was no valid claim that Facebook was a monopolist—and that has not changed.”\nRepublican FTC Commissioner Christine Wilson, who cast one of the votes against the lawsuit, issued a brief written dissent saying the case shows that the commission, now under Democratic control, is undermining the reliability of the longstanding government process for reviewing mergers.\nIn dismissing the FTC’s original lawsuit, U.S. District Judge James Boasberg in Washington dealt a considerable, high-profile blow to what was one of the commission’s most ambitious antitrust lawsuits in decades. But he also gave the FTC another chance to make stronger allegations about Facebook’s power in the marketplace.\nIf the commission’s new lawsuit survives a likely motion by Facebook to dismiss the case, a yearslong legal battle could ensue with broad ramifications for the tech giant’s future, and for the FTC’s powers to restrain dominant companies.\nAmong its new arguments, the FTC said several statistical metrics, including daily and monthly user data, showed that Facebook held a monopoly in personal social-networking services. The commission said that other platforms such as TikTok,Twitter and Pinterest offered different types of services and weren’t alternatives to Facebook.\nThe FTC said that Snap Inc.’s Snapchat was Facebook’s closest competitor but remains only a fraction of its size. And it said that other would-be rivals, including previous services like Google+, had failed to gain traction and shut down.\nThe commission alleged that Facebook’s monopoly position also was evident because the company has continued to maintain significant user engagement and enormous profits in the face of growing criticism, including from privacy advocates over the company’s handling of user data.\nThe lawsuit also raised new regulatory concerns about other Facebook acquisitions beyond Instagram and WhatsApp, alleging that the social-media giant engaged in a pattern of deals that hobbled would-be competitors.\nFor example, the FTC alleged that when Facebook learned Snapchat and other companies were interested in a startup called EyeGroove—which allowed users to create and share music videos with augmented-reality effects—the tech giant moved quickly to acquire the app in 2016 and then shut it down.\nRepublican Joseph Simons was the FTC’s chairman when the commission filed its original lawsuit late last year. He joined two Democrats to support the suit, while two other Republicans voted against it. Mr. Simons left the commission after the change in presidential administrations, and President Biden tapped Ms. Khan to lead the agency once she was confirmed as a commissioner in mid-June.\nIn seeking Ms. Khan’s recusal, Facebook had argued that she couldn’t be impartial based on her past work as an academic and congressional staffer in which she argued that big tech companies should be reined in.\nThe FTC said agency officials reviewed the recusal request but dismissed it on grounds that the company enjoyed appropriate constitutional due-process protections because the commission’s case would be in the hands of a federal court.\nAmazon.com Inc. also has a pending request at the FTC seeking Ms. Khan’s recusal in matters involving the e-commerce company.\nA group of 46 states also sued Facebook in December 2020 alongside the FTC, but Judge Boasberg threw out the states’ case in June. He didn’t give them the same room he offered the FTC to try again, and the states are now appealing that 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like!&nbsp;","listText":"Pls like!&nbsp;","text":"Pls like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/838573991","repostId":1187623102,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":838563335,"gmtCreate":1629419733427,"gmtModify":1676530033257,"author":{"id":"3569935580474431","authorId":"3569935580474431","name":"EY12","avatar":"https://static.tigerbbs.com/103e86782b34598ff73873d5f9259adb","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3569935580474431","authorIdStr":"3569935580474431"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/838563335","repostId":1187623102,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5584948,"gmtCreate":1629419746424,"gmtModify":1663232636445,"authorId":3569935580474431,"author":{"id":3569935580474431,"idStr":"3569935580474431","authorId":3569935580474431,"name":"EY12","avatar":"https://static.tigerbbs.com/103e86782b34598ff73873d5f9259adb","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":838563335,"type":1,"supId":0,"prevId":0,"content":"<u>hi</u>","text":"<u>hi</u>","html":"<u>hi</u>"}],"langContent":"EN"},{"id":838588830,"gmtCreate":1629419302220,"gmtModify":1676530033058,"author":{"id":"3581544848503089","authorId":"3581544848503089","name":"Jackosen","avatar":"https://static.tigerbbs.com/89f363319ae263a7271cb94a537d8d68","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3581544848503089","authorIdStr":"3581544848503089"},"htmlText":"Not again","listText":"Not again","text":"Not again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/838588830","repostId":1187623102,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":838533664,"gmtCreate":1629418230258,"gmtModify":1676530032396,"author":{"id":"3567221235003553","authorId":"3567221235003553","name":"JFK","avatar":"https://community-static.tradeup.com/news/a89af0535393568b5b43866c02b3230f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3567221235003553","authorIdStr":"3567221235003553"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/838533664","repostId":1187623102,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5584718,"gmtCreate":1629418704958,"gmtModify":1663232636548,"authorId":3583131237618472,"author":{"id":3583131237618472,"idStr":"3583131237618472","authorId":3583131237618472,"name":"AdrinaChow","avatar":"https://static.tigerbbs.com/d1b867f4c2019d6ec313665b1af8431b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":838533664,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":5584769,"gmtCreate":1629418986971,"gmtModify":1663232636443,"authorId":3568957285760850,"author":{"id":3568957285760850,"idStr":"3568957285760850","authorId":3568957285760850,"name":"Greg2021","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":838533664,"type":1,"supId":0,"prevId":0,"content":"pls <u>comment</u>","text":"pls <u>comment</u>","html":"pls 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still ? over the long term&nbsp;","listText":"Will still ? over the long term&nbsp;","text":"Will still ? over the long term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/838596573","repostId":1187623102,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5585345,"gmtCreate":1629421525277,"gmtModify":1663232638342,"authorId":3581978054709801,"author":{"id":3581978054709801,"idStr":"3581978054709801","authorId":3581978054709801,"name":"Nickystonks","avatar":"https://static.tigerbbs.com/9ea10f153b0e264f05c7d19fcc08cdee","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":838596573,"type":1,"supId":0,"prevId":0,"content":"yes. one of the biggest advertising <u>platforms</u>","text":"yes. one of the biggest advertising <u>platforms</u>","html":"yes. one of the biggest advertising <u>platforms</u>"}],"langContent":"EN"},{"id":838591620,"gmtCreate":1629417865360,"gmtModify":1676530032196,"author":{"id":"3579733246085840","authorId":"3579733246085840","name":"wallflowere","avatar":"https://static.tigerbbs.com/a5072464fdb4037d83d403dc2e80c19c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579733246085840","authorIdStr":"3579733246085840"},"htmlText":"Like n comment pls","listText":"Like n comment pls","text":"Like n comment 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Please like and comment. Thank you.","listText":"Latest. Please like and comment. Thank you.","text":"Latest. Please like and comment. 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