The agency voted 3-2 along party lines to amend its monopoly claim; FTC Chair Lina Khan supported the new complaint. The commission denied Facebook's request...
The Federal Trade Commission on Thursday filed a new version of its antitrust lawsuit against Facebook Inc., nearly two months after a federal judge rejected its initial complaint.
The complaint alleges that “after repeated failed attempts to develop innovative mobile features for its network, Facebook instead resorted to an illegal buy-or-bury scheme to maintain its dominance,” the FTC alleges. “It unlawfully acquired innovative competitors with popular mobile features that succeeded where Facebook’s own offerings fell flat or fell apart.
But in June, U.S. District Judge James E. Boasberg took issue with the FTC’s claim that Facebook holds monopoly power, or more than 60%, in the personal social networking category. The definition excluded platforms used mainly for streaming video, such as Google’s GOOGL, +0.50% GOOG, +0.41% YouTube, and interest-based platforms like Microsoft Corp.’s MSFT, +1.52% LinkedIn or the fitness social network Strava.
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