1. US rules out bailout for Silicon Valley Bank, auctions reportedly underway 2. Apple CEO Tim Cook backs AR/VR headset, likely to launch this year 3. Infosys’ Mohit Joshi joins Tech Mahindra as MD and CEO

Facebook still in court for abuse of dominant position

Spread the love

Facebook has yet to appear in court in a case brought by the American regulator FTC for abuse of power.

The FTC accuses the tech company of maintaining an illegal monopoly in the social media market. The case was previously dismissed because the regulator had not presented sufficient evidence.

A judge in Washington now finds the allegations “more forceful and detailed” and has rejected Facebook’s request to dismiss the case.

Claim Free Bets

The FTC finds Facebook, which is part of parent company Meta, far too powerful. The company would therefore have to divest Instagram and WhatsApp . Facebook bought those services in 2012 and 2014 respectively and considers them essential to its strategy for the future.

With the acquisitions, the FTC also believes that Facebook has violated competition rules, because the purchases eliminated the companies as competitors.

Anti-competitive behavior

The case was brought by the regulator in December 2020 and initially dismissed in June . The FTC had not had its arguments in order, the judge ruled at the time.

According to the judge, the FTC has now done its homework. The regulator also better explained that Facebook not only occupies a monopoly position, but would have deliberately maintained it through “anti-competitive behavior.”
Report by NOS

https://nos.nl/artikel/2412761-facebook-alsnog-voor-de-rechter-voor-misbruik-machtspositie

    Avatar

    Ankita Deshkar

    All Posts

    Related Post

    View All

    WhatsApp to allow transfer of chats from Android to ...

    January 24th, 2022 | THE FREE MEDIA

    Spread the loveMeta-owned WhatsApp is reportedly testing the possibility of allowing users to migrate chats from their And...

    Huawei working on smartphones with rollable display

    September 9th, 2021 | THE FREE MEDIA

    Spread the loveChinese smartphone maker Huawei has reportedly filed a patent for smartphones with a rollable display and t...

    Cloud, AI, IoT, drones set to transform insurance in...

    August 5th, 2022 | THE FREE MEDIA

    Spread the loveBots to resolve queries and AI solutions to help customers renew their policies automatically and even meas...