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posted by janrinok on Friday January 14, @08:08AM   Printer-friendly
from the facebook-gets-to-face-the-music dept.

The FTC's antitrust case against Facebook is going forward after all:

After an initial setback, the Federal Trade Commission's antitrust case against Facebook, which recently renamed itself Meta, is going ahead.

Back in June, a US federal judge ruled that the FTC's initial argument accusing Facebook of being a monopoly was too vague. But the agency refiled the case, and now, the same judge has ruled that the FTC's amended case against Facebook is "more robust and detailed than before" and can go ahead. The court rejected Facebook's request to dismiss the case altogether, a decision that dealt a blow against Facebook's ongoing battle with government regulators over its market power.

The FTC is one of the most powerful US regulatory agencies. If it wins its case against Facebook, there could be major negative implications for the social media company.

"FTC staff presented a strong amended complaint, and we look forward to trial," said Holly Vedova, director of the FTC Bureau of Competition, in a statement to Recode.

Facebook, meanwhile, said it believes it will ultimately succeed in its battle against the FTC.

"We're confident the evidence will reveal the fundamental weakness of the claims. Our investments in Instagram and WhatsApp transformed them into what they are today. They have been good for competition, and good for the people and businesses that choose to use our products," said Meta company spokesperson Chris Sgro, in part, in a statement to Recode.


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  • (Score: 2) by AnonTechie on Friday January 14, @10:20AM

    by AnonTechie (2275) on Friday January 14, @10:20AM (#1212647) Journal

    What do you expect to happen ? I think it will be a long drawn out legal battle that will probably end with Facebook (Meta) not admitting any wrong doing but paying a fine to FTC. Wash, Rinse, Repeat ...

    --
    Albert Einstein - "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former."
  • (Score: 4, Insightful) by Runaway1956 on Friday January 14, @02:21PM (1 child)

    by Runaway1956 (2926) Subscriber Badge on Friday January 14, @02:21PM (#1212665) Homepage Journal

    Facebook, meanwhile, said it believes it will ultimately succeed in its battle against the FTC.

    Translated, that means Facebook is searching for the right combination of congress critters to buy off, and the correct officials to bribe with a nice revolving door promise. Surely, Zuck can have his way, if he only applies the proper monetary leverages!

    --
    “If everyone is thinking alike, then somebody isn't thinking.” ― George S. Patton on Ukraine
    • (Score: 1, Touché) by Anonymous Coward on Friday January 14, @09:15PM

      by Anonymous Coward on Friday January 14, @09:15PM (#1212767)

      It is the Amurrican way! Free market! Free dumbs!

      at least you're slowly starting to agree with liberal complaints, but this comment will set you back another decade

  • (Score: 2) by Username on Friday January 14, @05:03PM (1 child)

    by Username (4557) on Friday January 14, @05:03PM (#1212698)

    Our commitment to diversity will ensure our prominent synergy with supply that will enable innovation within our advanced investments, Instagram and WhatsApp, which energistically initiate interdependent opportunities in the global market.

    • (Score: 0) by Anonymous Coward on Friday January 14, @05:36PM

      by Anonymous Coward on Friday January 14, @05:36PM (#1212705)

      Bingo!

  • (Score: 0) by Anonymous Coward on Saturday January 15, @04:43AM

    by Anonymous Coward on Saturday January 15, @04:43AM (#1212859)

    So is Failbook calling itself "Meta" now?

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