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Facebook slammed with antitrust complaint by FTC

Facebook finds itself in yet another hot soup, what with it being slammed with a brand new antitrust complaint by none other than the FTC ....

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Two antitrust cases against Facebook thrown out

Two antitrust cases against Facebook thrown out
Decision a major blow to attempts to rein in Big Tech; Refile complaint, judge tells federal agency
In a stunning setback to regulators’ efforts to break up Facebook, a federal judge on Monday threw out antitrust lawsuits brought against the company by the Federal Trade Commission and more than 40 states.
The judge eviscerated one of the federal government’s core arguments, that Facebook holds a monopoly over social networking, saying prosecutors had failed to provide enough facts to back up that claim. And he said the states had waited too long to bring their case, which centres on deals made in 2012 and 2014. ....

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Federal judge throws out FTC antitrust complaint against Facebook, but the case isn't dead yet

Federal judge throws out FTC antitrust complaint against Facebook, but the case isn't dead yet
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Facebook Gets Reprieve As Court Throws Out Major Antitrust Complaints - NPR News

Image credit: Pool
Updated June 28, 2021 at 5:31 PM ET
A federal judge has dismissed two blockbuster antitrust complaints against Facebook, in a setback to federal and state prosecutors who were pushing for a break-up of the social media giant.
The cases, filed separately by the Federal Trade Commission and 48 state attorneys general in December, accused Facebook of crushing competition by swallowing rivals, including Instagram and WhatsApp, and stifling other would-be competitors by cutting their access to its valuable data and systems.
But Judge James Boasberg of the U.S. District Court for the District of Columbia said in Monday’s ruling that prosecutors failed to prove Facebook has a monopoly in social networking. ....

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The feds had a plan to take on Facebook. A judge just scrambled it.

The feds had a plan to take on Facebook. A judge just scrambled it.
POLITICO
3 hrs ago
By Leah Nylen and Emily Birnbaum
© Photo by Michael M. Santiago/Getty Images
Rep. Jerry Nadler speaks during a press conference on June 28, 2021 in Midtown Manhattan in New York City.
A federal judge’s rejection of a major lawsuit against Facebook gave Silicon Valley’s critics one reason for hope: They say it perfectly illustrates the urgency for Congress to rewrite the nation’s antitrust laws.
U.S. District Judge James Boasberg said Monday that the Federal Trade Commission’s antitrust complaint failed to show that the world’s largest social network with 2.7 billion members and a market value exceeding the GDPs of all but 16 countries is a monopoly. ....

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