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Judge dismisses government antitrust proceeding against Facebook Instagram Letitia James Federal Trade Commission New York Washington

Federal judge dismissed antitrust proceedings filed on Monday Facebook By Federal Trade Commission The coalition of state prosecutors has hit regulators’ attempts to curb tech giants.

Judge James Bosburg of the US District Court ruled on Monday that the proceedings were “legally inadequate” and did not provide sufficient evidence to prove that Facebook was a monopoly. The ruling dismisses the complaint, but does not dismiss the case. That is, the FTC may resubmit another complaint.

“These claims don’t even provide estimated actual numbers or ranges of Facebook’s market share at any point in the last decade, but ultimately plausibly prove that Facebook retains market power. It hasn’t been done yet, “he said.

The U.S. government and 48 states and districts sued Facebook in December 2020 to exploit market power in social networking to crush small competitors and potentially remedies including forced spin-offs of social networks. He accused him of seeking a solution. Instagram And WhatsApp messaging service.

The FTC claimed that Facebook is working on a “systematic strategy” to eliminate competition. This includes buying small up-and-coming rivals such as Instagram in 2012 and WhatsApp in 2014. New York Prosecutor General Letitia James When the proceedings were filed, Facebook said, “We used that monopoly to smash smaller rivals, drown out competition, and sacrifice all everyday users.”

Boasberg also dismissed another complaint from the state Attorney General.

Judge dismisses government antitrust proceeding against Facebook Instagram Letitia James Federal Trade Commission New York Washington

Source link Judge dismisses government antitrust proceeding against Facebook Instagram Letitia James Federal Trade Commission New York Washington

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