KazPost

Kazakhstan News
Thursday, Mar 28, 2024

Facebook says federal, state antitrust lawsuits not credible, files motions to dismiss

Facebook says federal, state antitrust lawsuits not credible, files motions to dismiss

Company says complaints 'do not credibly claim' that its conduct harmed consumers or competition

Facebook on Wednesday filed motions to dismiss antitrust lawsuits that the Federal Trade Commission and 48 state attorneys general brought against the tech giant in December.

The tech giant said in a statement that the FTC and state attorneys general did not make credible claims that Facebook harmed competition and consumers in violation of U.S. antitrust laws.

"You only have to look at your phone to know that the government’s assertion that Facebook monopolizes 'personal social networking services' doesn’t make sense," a Facebook spokesperson said in a statement to FOX Business.


The spokesperson named TikTok, iMessage, Twitter, Snapchat, LinkedIn, YouTube "and countless others" that compete with Facebook for consumers' "time and attention every day."

"Over the many years since the government cleared the Instagram and WhatsApp mergers, this competition has only gotten more fierce, and consumers have benefitted enormously from Facebook's investments in these free apps," the spokesperson said, adding that the government is trying to "rewrite history with its unprecedented lawsuit."


The FTC suit asserts that Facebook has engaged in a "systematic strategy" to eliminate its competition, including by purchasing smaller up-and-coming rivals like Instagram in 2012 and WhatsApp in 2014.

The state lawsuit spearheaded by New York Attorney General Letitia James similarly accuses Facebook of using its vast wealth to acquire rival social media platforms capable of challenging its dominance and of utilizing third-party developers to build its own user base, only to shut down those that became threats to its business.

"Facebook is wrong on the law and wrong on our complaint," James said in a statement to FOX Business. "We are confident in our case, which is why almost every state in this nation has joined our bipartisan lawsuit to end Facebook’s illegal conduct. We will continue to stand up for the millions of consumers and many small businesses that have been harmed by Facebook’s unlawful behavior."

James noted during a December press conference that Facebook acquired Instagram for $1 billion "when the company did not even have a cent in revenue" and argued that its purchase of WhatsApp for $19 billion was far beyond what industry analysts deemed to be market value for the messaging app.

The attorneys general claim Facebook’s business practices are predatory and anti-competitive in nature. James said at the time that the coalition would coordinate with the FTC on ongoing legal action, James added.

The FTC did not immediately respond to an inquiry from Fox News.

Big Tech companies are facing growing opposition from lawmakers on both sides of the aisle on the power they have amassed over the past decade. There's little likelihood the pressure will ease up. President Joe Biden has said that a breakup of tech giants should be seriously considered.

Lawmakers have previously pressed Facebook on its 2012 and 2014 purchases of Instagram and WhatsApp, respectively, which the Federal Trade Commission (FTC) vetted at the time. Facebook CEO Mark Zuckerberg and the company's lawyers have previously defended the company's purchases of WhatsApp and Instagram.

Critics say such tactics quash competition and could limit viable alternatives for consumers looking, for instance, for comparable services that do less tracking for targeted advertising. Businesses, including mom and pop shops, might have to pay more for ads if they have fewer choices to reach consumers online.

The lawsuits could take years to resolve.

Newsletter

Related Articles

KazPost
0:00
0:00
Close
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
An Ominous Shift in Warfare: Western Powers Risk War Crimes and Violate International Norms with Cluster Bomb Supply to Ukraine
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
Corruption in the European Parliament - Business as usual
UK Crypto and Stablecoin Regulations Become Law as Royal Assent is Granted
Paris Suburb Grapples with Violence as Curfew Imposed: Saint-Denis Residents Express Dismay and Anger
A Delaware city wants to let businesses vote in its elections
Alef Aeronautics Achieves Historic Milestone with Flight Certification for World's First Flying Car
Google Blocked Access to Canadian News in Response to New Legislation
French Politicians Advocate for Pan-European Regulation on Social Media Influencers
×