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US FTC may file antitrust case against Facebook by year-end - report

Wednesday 16 September 2020 | 09:58 CET | News

The US Federal Trade Commission is gearing up to file a possible antitrust lawsuit against Facebook by year-end, people familiar with the matter told the Wall Street Journal. The case would challenge the company’s dominant position in social media.

The FTC has spent more than a year investigating concerns that Facebook has been using its powerful market position to stifle competition. This is part of a broader effort by US antitrust authorities to examine the conduct of a handful of dominant tech companies.

No final decision has been made on whether to sue Facebook, the WSJ's sources said, and the commission doesn’t always bring cases even when it is making preparations to do so. For example, it decided against filing an antitrust complaint against Google in 2013 after a lengthy investigation.

Facebook is still in the process of making its case to the commission, even as the probe has been progressing into its late stages, and recent efforts by FTC staff have included taking testimony from CEO Mark Zuckerberg. That is something the commission didn’t do during its prior probe of the company’s privacy practices, which resulted in a USD 5 billion settlement.

The company last year disclosed it was under investigation by the FTC again, and the Wall Street Journal has previously reported that one focus of the agency’s probe is the company’s past acquisitions of potential competitors.



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Categories: Internet / Mobile & Wireless
Companies: Facebook
Countries: United States
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