Zuckerberg s Deal Making for Facebook Is Central to Antitrust Cases
12/10/2020 | 05:45am EDT
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By Jeff Horwitz The Federal Trade Commission s lawsuit against Facebook Inc. puts the regulatory spotlight on the deal-making history of Chief Executive Officer Mark Zuckerberg, who has personally engineered the tech giant s biggest acquisitions. The FTC and a group of 46 states in separate antitrust lawsuits on Wednesday alleged that Facebook engaged in a yearslong campaign to acquire or stymie nascent technology companies that it feared could become rivals. The FTC said it was seeking court relief that could include forcing Facebook to sell two of its biggest acquisitions: messaging service WhatsApp and photo-sharing app Instagram, which competition authorities previously chose not to challenge.
Facebook break-up seen as real risk in landmark antitrust cases theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Facebook Responds to the FTC Lawsuit by claiming it to be Revisionist History
Earlier this afternoon we posted a report titled The FTC Claims Facebook broke Antitrust Law and seeks to force the sale of Instagram and WhatsApp. Facebook s Vice President and General Counsel Jennifer Newstead has written the company s response as presented in full.
Billions of people use Facebook’s products every day. To earn their time and attention, we compete fiercely against many other services across the world. As the internet has grown over the last 25 years, the ways in which people share and communicate have exploded thanks to dynamic competition. The most successful platforms mature and adapt to people’s changing preferences. Our products became and remain popular for this very reason we constantly evolve, innovate and invest in better experiences for people against world-class competitors like Apple, Google, Twitter, Snap, Amazon, TikTok and Microsoft. We innovate and improve co
Florida Attorney General Ashley Moody joined 45 other states Wednesday in a lawsuit against Facebook, accusing the social media giant of exploiting its dominance in the digital marketplace and engaging in anti-competitive practices.
FTC, U S states sue Facebook for illegal monopolization - Xinhua xinhuanet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from xinhuanet.com Daily Mail and Mail on Sunday newspapers.