Facebook again asked the judge to dismiss the FTC's complaint. The social media giant argues that the FTC's claim that it has monopolistic power in the market "has no real basis."
The FTC filed a lawsuit last December in the hope of canceling Facebook's acquisition of Instagram and WhatsApp. These purchases allegedly harm competition and provide consumers with few options for personal social networking. Advertisements also face less competitive options. Facebook dismissed the case, arguing that the allegations were unfounded and did not prove the company had monopoly power. In June, a judge agreed with Facebook, saying the case was "legally insufficient". However, the FTC was allowed to return a revised complaint it filed in August.
The new case file did not change the fees. Instead, the Federal Trade Commission decided to provide more details about the alleged behavior. Facebook allegedly bought the companies to eliminate competition, which is considered an "existential threat".
The Federal Trade Commission (FTC) filed a revised complaint on Monday. The Washington Post reports that Facebook reiterated that the commission “still has real reason to claim monopoly power.” The judge dismisses the complaint a second time, And the FTC is unlikely to find another opportunity to refuse. However, this would be only a small victory for the social media platform.
In June, European regulators launched an antitrust investigation into the company's alleged performance in collecting Data from competitor advertisers to take advantage of. Classified ads Additionally, a whistleblower recently emerged claiming that the company allows VIPs to break their rules and is aware of the negative mental health effects of Instagram on teens.
Image credit: Facebook app From Brett Jordan, Zack by Annie Sprat
Facebook seeks to dismiss FTC antitrust lawsuit for second time