candycorn
Diamond Member
- Aug 25, 2009
- 110,876
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Judge dismisses gov't antitrust lawsuits against Facebook
A federal judge has dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants.
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From the source:
"The U.S. government and 48 states and districts sued Facebook in December 2020, accusing the tech giant of abusing its market power in social networking to crush smaller competitors and seeking remedies that could include a forced spinoff of the social network’s Instagram and WhatsApp messaging services."
It continues:
"Last October the Trump Justice Department, joined by about a dozen states, brought a landmark antitrust suit against Google, accusing the company of using its dominance in online search to stifle competition and innovation at the expense of consumers. As it stands, the case isn’t scheduled to go to trial in federal court for nearly three years."
It looks as though that suit isn't going anywhere either.
As someone who likes to have multiple choices...its sort of ambivalent in terms of the outcome being a "win" or "loss". What should dawn on the Zuck is to run a less predatory shop. I doubt 48 states and the Feds had "no beef" with the way FB was doing things. Leave a little on the table...