The US FTC files an amended complaint against a social media company alleging it resorted to illegal buy-or-bury scheme to crush competition after string of failed attempts to innovate (Facebook)

FTC Alleges Facebook Resorted to Illegal Buy-or-Bury Scheme to Crush Competition After String of Failed Attempts to Innovate* Agency’s amended complaint details how the monopolist survived existential threats by illegally acquiring innovative competitors and burying successful app developers. Today, the Federal Trade Commission filed an amended complaint against Facebook in the agency’s ongoing federal antitrust case. The complaint alleges that after repeated failed attempts to develop innovative mobile features for its network, Facebook instead resorted to an illegal buy-or-bury scheme to maintain its dominance. It unlawfully acquired innovative competitors with popular mobile features that succeeded where Facebook’s own offerings fell flat or fell apart. And to further moat its

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US Federal Trade Commission, The US FTC files an amended complaint against a social media company alleging it resorted to illegal buy-or-bury scheme to crush competition after string of failed attempts to innovate (Facebook), 19 August 2021, e-Competitions August 2021, Art. N° 102162

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