Facebook To Face Down Newly Amended Complaint From The Ftc
In short, the initial filing failed chiefly, according to U.S. District Judge James Boasberg, because the agency didn’t prove its case that Facebook is a monopoly in its industry. The FTC alleged that Facebook’s used anticompetitive acquisitions to consolidate its monopolistic power. While also blocking potential rivals from accessing its API. And the claims here are, by-and-large, the same. But the FTC has also gone further than its initial claim. That stated that Facebook has market power “in excess” of 60-percent without clarification on the competition’s figures....