Facebook Is Hit With Lawsuits by 46 States and the FTC

Started by walkstall, December 10, 2020, 06:05:22 PM

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walkstall

snip~
he U.S. Federal Trade Commission and 46 state attorneys general filed two separate lawsuits Wednesday, accusing Facebook of maintaining an alleged monopoly, eliminating perceived threats through acquisitions, and hurting third-party developers who use the social-networking giant's platform.

Investors mostly shrugged off the news. Facebook stock fell 1.7% Wednesday, in line with the Nasdaq Composite's decline.

The lawsuits accuse the social-networking giant of seeking to limit competition to protect an alleged monopoly, both through the acquisitions of Instagram and WhatsApp for $1 billion and $19 billion, respectively, and via the terms it imposes on software developers that access its platform.

https://www.barrons.com/articles/facebook-is-hit-with-lawsuits-by-48-states-ftc-51607545618
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Always remember "Feelings Aren't Facts."

Sick Of Silence

With all these lawyers with cameras on the street i'm shocked we have so much crime in the world.

There is constitutional law and there is law and order. This challenge to law and order is always the start to loosing our constitutional rights.

Frauditors are a waste of life.