https://safirsoft.com Facebook seeks to dismiss FTC antitrust lawsuit for second time

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".

https://safirsoft.com Facebook seeks to dismiss FTC antitrust lawsuit for second time

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
facebook-seeks-to-dismiss-ftc-antitrust-lawsuit-for-second.html

https://safirsoft.com Paperboard shortages are putting additional pressure on the holiday supply chain

Paperboard shortages are putting additional pressure on the holiday supply chain

Future: The Covid-19 pandemic has shown shortcomings in the inventory management approach. Looking to the future, we believe that supply chains are be...
https://safirsoft.com Intel CEO Pat Gelsinger predicts chip shortages will continue into 2023

Intel CEO Pat Gelsinger predicts chip shortages will continue into 2023

Upcoming: There is a row among the tech industry's biggest names over when the global chip shortage will end. The most optimistic forecast is the seco...
https://safirsoft.com The Consumer Protection Agency has ordered US tech giants to provide payment system data

The Consumer Protection Agency has ordered US tech giants to provide payment system data

What happened? The Consumer Protection Bureau (CFPB) has instructed several major technology companies in the United States to provide information abo...
https://safirsoft.com Congress is proposing legislation that would prevent Big One from favoring its products

Congress is proposing legislation that would prevent Big One from favoring its products

Recent lawsuits and investigations by various organizations in many countries have put the anti-competitive behavior of many companies on the agenda. ...
https://safirsoft.com At least 20 Activision Blizzard employees have left to complain of sexual harassment

At least 20 Activision Blizzard employees have left to complain of sexual harassment

Like mice sinking from a ship, Activision Blizzard crews are leaving in droves. The company's chief compliance officer confirmed on Tuesday that at le...
https://safirsoft.com Netflix returns to mainstream in Q3 with stronger content

Netflix returns to mainstream in Q3 with stronger content

Netflix added 4.38 million paying subscribers in the third quarter of 2021, largely due to stronger planning, ending the quarter ending September 30 w...