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In Its Separate Suit.pdf

facebook-ftc-complaint.pdf
Preview of In its separate suit
🔗 Source: assets.documentcloud.org
📊 Size: 1.33 MB
👤 Author: Federal Trade Commission
⬇️ Downloads: 312

Summary

The Federal Trade Commission (FTC) is suing Facebook, Inc. for anticompetitive conduct and unfair methods of competition, alleging that Facebook has maintained its monopoly position in the market for personal social networking services by buying up companies that present competitive threats and imposing restrictive policies that hinder actual or potential rivals. Facebook allegedly holds monopoly power in the US, with over 3 billion regular users, and has generated staggering profits by selling advertising that exploits user data. The FTC claims that Facebook's acquisition of Instagram and WhatsApp, as well as its restrictive policies, have suppressed competition and allowed Facebook to maintain its dominance. The FTC is seeking a permanent injunction and other equitable relief to undo and prevent Facebook's anticompetitive conduct.

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Description

The Federal Trade Commission (FTC) is suing Facebook, Inc.

Technical Information

  • File Format: PDF
  • File Size: 1.33 MB
  • Pages: 53
  • Language: EN
  • Author: Federal Trade Commission
  • Total Downloads: 312
  • Last Updated: 2 hours ago

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