WASHINGTON – Pennsylvania Attorney General Josh Shapiro is among 48 such officials who have filed
an antitrust lawsuit against social media giant Facebook, alleging it has created a monopoly through using its large market share to eliminate its business rivals.
The antitrust lawsuit was first announced Wednesday by the Federal Trade Commission and New York Attorney General Letitia James.
“For nearly a decade, Facebook has used its dominance and monopoly power to crush smaller rivals and snuff out competition, all at the expense of everyday users,” James said.
“Almost every state in this nation has joined this bipartisan lawsuit because Facebook’s efforts to dominate the market were as illegal as they were harmful. Today’s suit should send a clear message to Facebook and every other company that any efforts to stifle competition, reduce innovation, or cut privacy protections will be met with the full force of our offices.”
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Trustbusters target Facebook, but anti-monopoly effort shores up capitalism December 11, 2020 9:24 AM CDT By C.J. Atkins
A person demonstrates with others outside of the home of Facebook CEO Mark Zuckerberg, Nov. 21, 2020. | Jeff Chiu / AP
Coming on the heels of a Justice Department lawsuit against Google filed in October, social networking giant Facebook is now in the crosshairs of the trustbusters at the Federal Trade Commission and a coalition of more than 48 state and territorial governments. Anti-monopoly momentum is picking up as regulators, long regarded as asleep at the wheel, are escalating legal action against companies that have virtually eliminated competition in the digital economy.
Discussing a report in the New York Times that the office of Manhattan District attorney Cyrus Vance has intensified their investigation into Donald Trump's relationship with Deutsche Bank, CNN's John Harwood speculated the president might see some jail time.According to NYT report, "Employees of De.
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