Facebook Accused of Dominating Social Media, Networking Mark

Facebook Accused of Dominating Social Media, Networking Markets in Latest Antitrust Suit


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January 27, 2021
On Tuesday, Facebook, Inc. was sued by a consumer who claimed that the social media giant violated federal and California antitrust laws by monopolizing the social network and social media markets. The class action complaint contends that Facebook both deceived its users about privacy protections afforded to them and used its market power to “acquire, copy or kill” competitors.
The filing recounts Facebook’s rise to dominance, allegedly not through fair competition and innovation, but instead through predatory conduct. The complaint first argues that Facebook duped consumers about the breadth of the data it collects from them and what it does with that valuable information, namely selling it. The complaint notes the enormous profits Facebook has reaped from advertisement sales, citing the $70.7 billion it earned in 2019.

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