In a revised complaint filed last August, FTC argues that the company pursues a “buy or bury” strategy against rivals to stave off competition.
This is the FTC’s second antitrust at the company. In June, a federal judge dismissed antitrust lawsuits brought by the agency and a broad coalition of state attorneys general, among regulators’ replication efforts. federal and state to curb the market power of the tech giants.
The FTC is seeking remedies that could include forcibly severing Facebook’s popular Instagram and WhatsApp messaging services or restructuring the company.
U.S. District Judge James Boasberg, who in June ruled that the FTC’s original lawsuit was “insufficient legal merit” and did not provide enough evidence to prove that Facebook was a monopoly, said in Tuesday’s ruling that the first complaint “stumbles at the very beginning of the block.”
But he added that, although the “core theory” of the lawsuit – that Facebook is a monopoly company engaged in anticompetitive practices – remains unchanged, the alleged facts this time ” much more powerful and detailed than before.”
Meta said in an emailed statement that it is “confident that the evidence will reveal the underlying weakness of the claims.”
“Our investments in Instagram and WhatsApp have made them what they are today,” the company said. “They are good for the competition and good for the people and businesses that choose to use our products.”
Holly Vedova, director of the FTC’s competition office, said the agency presented a “strongly revised complaint a strongly revised complaint and we look forward to hearing it.”
https://www.billboard.com/business/tech/ftc-antitrust-case-facebook-proceed-1235018006/ Judge says FTC antitrust lawsuit against Facebook can go ahead – Billboard