Print Page - Facebook Is Hit With Lawsuits by 46 States and the FTC

Title: Facebook Is Hit With Lawsuits by 46 States and the FTC
Post by: walkstall on December 10, 2020, 06:05:22 PM

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

Title: Re: Facebook Is Hit With Lawsuits by 46 States and the FTC
Post by: Sick Of Silence on December 10, 2020, 08:37:09 PM

Take all the social media down!

:popcorn:

Conservative Political Forum

General Category => All Headlines => Political Discussion and Debate => MSM Distraction News => Topic started by: walkstall on December 10, 2020, 06:05:22 PM