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Online libertybele

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US govt, states sue Facebook for ‘predatory’ conduct
« on: December 10, 2020, 01:27:24 am »
US govt, states sue Facebook for ‘predatory’ conduct

The U.S. government and 48 states and districts sued Facebook Wednesday, accusing it of abusing its market power in social networking to crush smaller competitors and seeking remedies that could include a forced spinoff of the social network’s Instagram and WhatsApp messaging services.

The landmark antitrust lawsuits, announced by the Federal Trade Commission and New York Attorney General Letitia James, mark the second major government offensive this year against seemingly untouchable tech behemoths. The Justice Department sued Google in October for abusing its dominance in online search and advertising – the government’s most significant attempt to buttress competition since its historic case against Microsoft two decades ago. Amazon and Apple also have been under investigation in Congress and by federal authorities for alleged anticompetitive conduct.

James noted at a press conference that “it’s really critically important that we block this predatory acquisition of companies and that we restore confidence to the market.”

The FTC said Facebook has engaged in a “systematic strategy” to eliminate its competition, including by purchasing smaller up-and-coming rivals like Instagram in 2012 and WhatsApp in 2014. James echoed that in her press conference, saying Facebook “used its monopoly power to crush smaller rivals and snuff out competition, all at the expense of everyday users.”..........

https://www.winknews.com/2020/12/09/us-govt-states-sue-facebook-for-predatory-conduct/
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Offline dancer

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Re: US govt, states sue Facebook for ‘predatory’ conduct
« Reply #1 on: December 10, 2020, 06:23:21 am »
Twitter up next.   :2popcorn:
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Online Cyber Liberty

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Re: US govt, states sue Facebook for ‘predatory’ conduct
« Reply #2 on: December 10, 2020, 06:13:02 pm »
Quote from: dancer on December 10, 2020, 06:23:21 am
Twitter up next.   :2popcorn:

I think Goggle is more likely next.  It owns YouTube, which is begging to have its ears pinned back.
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Offline Wingnut

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Re: US govt, states sue Facebook for ‘predatory’ conduct
« Reply #3 on: December 10, 2020, 06:15:01 pm »
It is high time they all get kneecapped.
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