Stay updated with breaking news from Joe Simons. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Facebook Inc. was sued by U.S. antitrust officials and a coalition of states that want to break up the company by unwinding its acquisitions of Instagram and WhatsApp, deals the government says were part of a campaign to illegally crush competition.
U.S. antitrust officials, states, seek to break up Facebook over monopoly fears
Facebook became a prime target for President Donald Trump in the last two months of his administration. Last week, he threatened to veto the annual U.S. defense authorization bill unless Congress adds a rider to abolish the law that protects technology companies, including Facebook, from liability over most content posted by users. The demand followed months of attacks by Trump and some other Republicans, who accused technology platforms of suppressing conservative views after they began flagging misleading and false posts about the pandemic and the election. Those claims aren’t part of the...
WASHINGTON - The U.S. government and 48 attorneys general filed landmark antitrust lawsuits against Facebook on Wednesday, seeking to break up the social-networking giant over charges it engaged in il...
Nobody was regulating it. >> nobody was worried about the consumer. this was a political battle between the executive branch and the judicial branch over what was a completely inappropriate political activity by the president. >> correct. we can all agree on that. where is the regulation? who is supposed to have looked at a deal of this magnitude and said hold on, what is the actual outcome and the effect on the consume center it's great you and i are having this discussion. but none of us regulate anything. >> i'm hopeful the newly reconstituted federal trade commission under joe simons will ...