U.S. FTC filed an antitrust lawsuit against Facebook before the end of 2020
According to reports, this week there was news that the US Federal Trade Commission (FTC) is preparing to file an antitrust lawsuit against Facebook as soon as the end of this year. The FTC is investigating Facebook’s dominance in the social media industry.
As part of a large-scale antitrust investigation by US regulators on technology companies, the focus of this case is whether Facebook abused its dominant market position to stifle competition. The source said that the FTC has not yet made a final decision on whether to sue Facebook.
The FTC had previously investigated whether Facebook’s acquisition of companies such as Instagram and WhatsApp was to stifle competition . Facebook revealed last year that the FTC had launched an antitrust investigation against the company, but did not provide more details at the time.
Tech giants such as Facebook, Apple, Google, and Amazon are all facing full scrutiny by regulators. The investigation targets include monopolistic behavior, inadequate privacy protection, and misuse of user data. In addition to the FTC, the US Department of Justice is also concerned about the monopoly of technology companies.
Neither FTC nor Facebook commented on this news.