Facebook Urges Court to Dismiss Allegations of FTC Antitrust Violations | WGN 720 radio

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Facebook has asked federal courts to dismiss the Federal Trade Commission’s revised complaint, saying it failed to provide sufficient evidence to demonstrate its monopoly.

In a lawsuit filed Monday in the District of Columbia US District Court, Facebook proves that the FTC is monopolizing “the personal social networking space” because there is no reliable data indicating the size of the market or Facebook. He said he couldn’t. Share it.

“The FTC’s fictitious market ignores the reality of competition. Facebook is in fierce competition with TikTok, iMessage, Twitter, Snapchat, LinkedIn, YouTube, and countless others, and people are sharing, connecting, communicating, or just having fun. “I’m helping you,” Facebook said in a statement. “The FTC cannot believe that Facebook has monopoly power because there is no such power.

Facebook’s allegations were made the day Facebook and its Instagram and WhatsApp platforms went down around the world. There was also the day after the publication by the former Facebook product manager of the whistleblower, Frances Haugen, of an internal document on the CBS “60 minutes” program which revealed the perceptions of the company on the product and the damage caused by the decision. low.

In June, a federal judge was filed against Facebook by a broad coalition of government agencies and state attorneys as part of various efforts by federal and state regulators to reduce the market power of high-tech giants. technology. I rejected a previous antitrust lawsuit.

The FTC’s new revised complaint filed with Augustare alleges that social media giants have pursued a laser-focused strategy of “buying or burying” their rivals to dampen competition.

U.S. District Court Judge James Bosburg ruled in June that the FTC’s first proceeding was “legally inadequate” and failed to provide sufficient evidence to prove Facebook’s monopoly. low. He completely dismissed individual state complaints.

However, his decision only dismissed the FTC’s complaint, not the fact, and gave authorities the opportunity to file an amended complaint. In the new case, the FTC presented detailed analysis to support its monopoly claim.

“Direct evidence, including historical events and market reality,” support the claims, the complaint says. The harm to consumers caused by the lack of competition is “particularly serious,” he said.

The FTC did not comment on Facebook’s motion to dismiss.

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Washington Associated Press writer Mercy Gordon contributed to this story.

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Facebook Urges Court to Dismiss Allegations of FTC Antitrust Violations | WGN 720 radio

Source Link Facebook Urges Court To Dismiss Allegations Of FTC Antitrust Violations | WGN 720 radio

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