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Facebook breakup should focus on restoring competition, experts say


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Facebook products. Hakan Nural/Anadolu Agency
Hakan Nural/Anadolu Agency via Getty Images
New York Attorney General Letitia James said a Facebook breakup is on the table.
Insider spoke to three experts who explained what a breakup might look like.
They said restoring competition through regulation should be the ultimate goal. 
Last week, New York Attorney General Letitia James, who is leading 48 other attorneys general in suing Facebook for illegally stifling competition, told Bloomberg Businessweek that she s considering a breakup of the tech giant as Facebook s monopoly hurts consumers, it hurts the marketplace, it hurts advertisers. One method, she said, would be to wind down its acquisitions of Instagram and WhatsApp, which Facebook acquired in 2012 and 2014, respectively ....

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Lawmakers want to break up Facebook, but experts say restoring competition through regulation should be the goal


Lawmakers want to break up Facebook, but experts say restoring competition through regulation should be the goal
ndailey@businessinsider.com (Natasha Dailey)
© Hakan Nural/Anadolu Agency via Getty Images
Facebook products. Hakan Nural/Anadolu Agency Hakan Nural/Anadolu Agency via Getty Images
New York Attorney General Letitia James said a Facebook breakup is on the table.
Insider spoke to three experts who explained what a breakup might look like.
They said restoring competition through regulation should be the ultimate goal. 
Last week, New York Attorney General Letitia James, who is leading 48 other attorneys general in suing Facebook for illegally stifling competition, told Bloomberg Businessweek that she s considering a breakup of the tech giant as Facebook s monopoly hurts consumers, it hurts the marketplace, it hurts advertisers. One method, she said, would be to wind down its acquisitions of Instagram and WhatsApp, whic ....

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New York Attorney General Letitia James Sues To End Google's Illegal Monopolies - AG James Helps Lead Bipartisan Coalition Of 38 AGs Alleging Google Illegally Maintained Monopolies, Created Insurmountable Barriers To Entry For Competitors


Date
17/12/2020
New York Attorney General Letitia James today continued her work fighting for New York’s consumers and small businesses by co-leading a bipartisan coalition of 38 attorneys general in suing Google LLC for its illegal, anticompetitive conduct that has sought to maintain its monopoly power in the general search services and search advertising markets. Through a series of exclusionary contracts and other anticompetitive conduct, Google has deprived consumers of competition that could lead to greater choice and innovation, as well as better privacy protections. Attorney General James and the coalition also accuse Google of exploiting its market position to accumulate and leverage data to the detriment of consumers, all in an effort to control the market and make billions in profits. ....

United States , District Of Columbia , New Mexico , West Virginia , New York , New Hampshire , North Carolina , Rhode Island , Puerto Rico , New Jersey , South Dakota , North Dakota , Kim Berger , Morganj Feder , Peter Pope , Kevin Wallace , Letitia James , Chris Dangelo , Zach Biesanz , John Castiglione , Johanna Skrzypczyk , Elinor Hoffmann , Deputy Bureau , Division For Economic Justice , Us District Court , Search Services ,

Facebook sued for illegal, anticompetitive conduct


Facebook sued for illegal, anticompetitive conduct
The lawsuit alleges that, over the last decade, the social networking giant illegally acquired competitors in a predatory manner and cut services to smaller threats  depriving users from the benefits of competition and reducing privacy protections and services along the way all in an effort to boost its bottom line through increased advertising revenue.
James leads a bipartisan coalition of 48 attorneys general from around the nation in filing the lawsuit to stop Facebook’s anticompetitive conduct.
“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,” said James. “Today, we are taking action to stand up for the millions of consumers and many small businesses that have been harmed by Facebook’s illegal behavior. Instead of competing on the merits, Facebook used its power to suppress competition so ....

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