U.S. may file antitrust charges against Facebook as soon as November – IOTW Report

U.S. may file antitrust charges against Facebook as soon as November

(Reuters) – Facebook Inc may face U.S. anti-trust charges as soon as November, the Washington Post reported on Friday, citing four people familiar with the matter.

The Federal Trade Commission met privately on Thursday to discuss a probe while state attorneys general under the leadership of New York’s Letitia James have been scrutinizing the company for potential threats to competition, the newspaper reported.

The timeline could still change, the newspaper said, adding that state attorneys general are in the late stages of preparing their complaint.

Facebook, the FTC and the office of the New York Attorney General were not immediately available for comment late on Friday. more

7 Comments on U.S. may file antitrust charges against Facebook as soon as November

  1. Can we prosecute the CEO?

    His sentence? Put MyFaceSucks in a padded room with Eric Schmidt, Jack Dorsey, Bill Gates and Steve Balmer and watch them argue and pound each other senseless.

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  2. Bullshittery. Kabuki theater.

    If they were serious about doing something they would amend section 230 and allow the customers to sue social media. Reforming the law so tech titans would lose their legal protections if they operate as a publisher rather than as a neutral platform. (Platform vs publisher)

    Section 230 reform would be easier, quicker, and cheaper. Antitrust lawsuits are going to take years, and cost taxpayers millions.

    I’m tired of pretending that I have representation my taxation. I’m ready to throw the tea into the harbor.

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