The US FTC sues the world's dominant social network company for illegal monopolization, requiring the divestment of its acquisitions of up-and-coming rivals, and prohibits the imposition of anti-competitive conditions on software developers (Facebook)

Federal Trade Commission, US

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9 Dec 2020

The US FTC sues the world’s dominant social network company for illegal monopolization, requiring the divestment of its acquisitions of up-and-coming rivals, and prohibits the imposition of anti-competitive conditions on software developers (Facebook)

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References

US FTC, Facebook, Press release, 9 December 2020

US District Court for the District of Columbia, Facebook, Complaint for Injunctive and Other Equitable Relief, 9 December 2020

US FTC, Facebook, Statement of FTC Bureau of Competition Director Ian Conner, 9 December 2020

FTC Sues Facebook for Illegal Monopolization* The Federal Trade Commission today sued Facebook, alleging that the company is illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct. Following a lengthy investigation in cooperation with a coalition of attorneys general of 46 states, the District of Columbia, and Guam, the complaint alleges that Facebook has engaged in a systematic strategy—including its 2012 acquisition of up-and-coming rival Instagram, its 2014 acquisition of the mobile messaging app WhatsApp, and the imposition of anticompetitive conditions on software developers—to eliminate threats to its monopoly. This course of conduct harms competition, leaves consumers with few choices for personal social networking,

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US Federal Trade Commission
US Federal Trade Commission (FTC) (Washington)

United States 150 contributions 36610 visits

Quotation

US Federal Trade Commission, The US FTC sues the world’s dominant social network company for illegal monopolization, requiring the divestment of its acquisitions of up-and-coming rivals, and prohibits the imposition of anti-competitive conditions on software developers (Facebook), 9 December 2020, e-Competitions December 2020, Art. N° 98311

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