Facebook files to dismiss antitrust lawsuits2021-03-10 18:49 by DanielaTags: Facebook, FTC, Instagram, WhatsApp
Facebook is seeking to throw out federal antitrust suits by the FTC and state attorneys general, arguing that enforcers failed to show it has a monopoly and waited too long to challenge its acquisitions of Instagram and WhatsApp. The FTC's case, filed in December, alleges that the social media giant maintains an illegal monopoly and calls for its purchases of Instagram and WhatsApp to be rolled back. "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. Facebook argued the suits fail to provide enough evidence that the tech giant engaged in anticompetitive practices. For instance, the social media giant does not have monopoly power over prices because it offers products for free, the motion argues. New York Attorney General Letitia James said in a statement that she's "confident" in the state's antitrust case against Facebook, noting that nearly every state joined the lawsuit. "We will continue to stand up for the millions of consumers and many small businesses that have been harmed by Facebook's unlawful behavior," James said. Read more -here-
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