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The FTC refiles its case against Facebook


Facebook
the Federal Trade Commission’s
FTC
the FTC Bureau of Competition
WhatsApp
Amazon
Apple
CBS —

D-MA
Khan’s
TikTok
Snap


Holly Vedova
Recode
Chris Sgro
Facebook
Mark Zuckerberg
Lina Khan
Elizabeth Warren
Vox


Circle

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Khan


US
Instagram
Vox


Instagram

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   Negativity   59.00%
The New York Times
SOURCE: https://www.vox.com/2021/8/19/22632826/facebook-ftc-lawsuit-antitrust-monopoly-lina-khan-instagram-whatsapp-path-circle
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Summary

They have been good for competition, and good for the people and businesses that choose to use our products,” said Meta company spokesperson Chris Sgro, in part, in a statement to Recode.In June, a federal judge dismissed the FTC’s initial lawsuit, which at the time was a big win for Facebook. After failing to compete with new innovators, Facebook illegally bought or buried them when their popularity became an existential threat,” said Vedova in a press release announcing the amended lawsuit in August.A few hours after the amended suit was filed in August, Facebook tweeted a thread in response.The company argued that there is no “valid claim” that Facebook is a monopolist, and pointed out that the FTC cleared the company’s WhatsApp and Instagram acquisitions when they originally happened.“It is unfortunate that despite the court’s dismissal of the complaint and conclusion that it lacked the basis for a claim, the FTC has chosen to continue this meritless lawsuit,” Facebook wrote.The company also planned a splashy product release of its new virtual reality work conferencing app — complete with Facebook CEO Mark Zuckerberg doing a hit on CBS — on the same morning that this new lawsuit was expected to drop. The revised lawsuit also responded to Facebook’s petition for Lina Khan, the chair of the FTC, to recuse herself because of what the tech company claims to be a conflict of interest due to her past academic work criticizing the market power of tech companies like Amazon.

As said here by Shirin Ghaffary