Guest Editorial Week of 12/28/2020
Published by news@presspubli... on Fri, 12/25/2020 - 4:00pm
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Hindsight shouldn’t be 2020 on antitrust lawsuit
Recently, New York’s Letitia James led 48 other state attorneys general in filing a lawsuit against Facebook on antitrust grounds. Not to be outdone, the Federal Trade Commission then also filed its own antitrust suit against the social media company.
Although there are some meaningful differences in the lawsuits, the main contention of both is that Facebook’s purchase of both Instagram and WhatsApp were done to restrict competition, thus giving Facebook a monopoly over “Personal Social Networking Services.” Both lawsuits suggest remedies, including spinning off Instagram and WhatsApp from Facebook.