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F.T.C. Decision on Pursuing Facebook Antitrust Case Is Said to Be Near – The New York Times

2 min read
https://www.nytimes.com/2020/10/22/technology/facebook-antitrust-ftc.html

WASHINGTON– The Federal Trade Commission is moving closer to a decision about submitting an antitrust lawsuit against Facebook for its market power in social networking, according to 2 people with knowledge of the firms talks.The 5 members of the F.T.C. met on Thursday to discuss its examination into Facebook and whether the company had purchased smaller competitors to preserve a monopoly, the individuals stated. The Washington Post reported earlier that the commission satisfied about the Facebook examination on Thursday.Lawmakers and policymakers in Washington have ramped up antitrust actions versus the largest technology business, typically in a bipartisan effort. It has also interviewed people from the companys competitors, such as Snap, which owns the Snapchat app, about Facebooks dominant position in social networking and its business practices.In August, Mark Zuckerberg, Facebooks primary executive, answered questions under oath as part of the inquiry.The business has actually rejected violations of antitrust laws. Mr. Zuckerberg said Instagrams success was due to Facebook.But his response did not appear to satisfy House lawmakers.In an antitrust report this month, personnel of the House Judiciary Committee stated Facebooks power in social networking was so immense that the company “has actually tipped the market towards monopoly such that Facebook contends more vigorously among its own items– Facebook, Instagram, WhatsApp and Messenger– than with real rivals.”

WASHINGTON– The Federal Trade Commission is moving closer to a choice about filing an antitrust suit versus Facebook for its market power in social networking, according to two people with understanding of the agencys talks.The five members of the F.T.C. met on Thursday to discuss its examination into Facebook and whether the business had bought smaller rivals to keep a monopoly, the people said. It has also spoken with people from the businesss rivals, such as Snap, which owns the Snapchat app, about Facebooks dominant position in social networking and its organization practices.In August, Mark Zuckerberg, Facebooks chief executive, answered concerns under oath as part of the inquiry.The company has actually rejected offenses of antitrust laws. Mr. Zuckerberg stated Instagrams success was due to Facebook.But his answer did not appear to please House lawmakers.In an antitrust report this month, staff of the House Judiciary Committee said Facebooks power in social networking was so enormous that the company “has tipped the market toward monopoly such that Facebook competes more vigorously amongst its own items– Facebook, Instagram, WhatsApp and Messenger– than with real rivals.”

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