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Facebook asks court to dismiss US government, states antitrust cases


WASHINGTON (Reuters) - Facebook asked a federal court on Wednesday to dismiss major antitrust cases filed by the U.S. Federal Trade Commission and nearly every U.S. state, saying they failed to show the company had a monopoly or harmed consumers.
By a one-vote margin, in the fraught environment of relentless criticism of Facebook for matters entirely unrelated to antitrust concerns, the agency decided to bring a case against Facebook, Facebook said in responding to the FTC complaint.
None of the harms typically alleged in antitrust actions is alleged here, it said.
In lawsuits filed in December, the FTC and states asked the court to force the social media giant to sell two prized assets, its messaging app WhatsApp and photo-sharing app Instagram. U.S. District Judge James Boasberg in the District of Columbia will hear the cases. ....

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Open-ended antitrust is an innovation killer


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The most important feature is the proposed change to the legal standard by which regulators approve business deals. It would allow the government to stop any deal that creates an “appreciable risk of materially lessening competition,” and it also defines exclusionary behavior as, “conduct that materially disadvantages one or more actual or potential competitors.”
These may sound like simple, semantic tweaks, but – much like some of the other policy ideas currently circulating – they would upend decades of settled law and create a sea change in U.S. antitrust enforcement. This change could undermine business dynamism, innovation and investment in ways that inhibit the global competitiveness of U.S. businesses. ....

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Google completes Fitbit acquisition for $2.1 bn amid antitrust concerns


Google has completed its USD 2.1 billion acquisition of fitness-gadget maker Fitbit, a deal that could help the internet company grow even stronger while US government regulators pursue an antitrust case aimed at undermining its power.
Thursday s completion of the acquisition comes 14 months after Google announced a deal that immediately raised alarms.
Google makes most of its money by selling ads based on information it collects about its billions of users interests and whereabouts. Privacy watchdogs feared it might exploit Fitbit to peer even deeper into people s lives.
But Google wound up entering a series of commitments in Europe and other parts of the world pledging it won t use the health and fitness data from Fitbit s 29 million users to sell more ads. It insists it is more interested in adding Fitbit to its expanding arsenal of internet-connected products, which include smartphones, laptops, speakers, cameras and thermostats. ....

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