The U.S. Federal Trade Commission said on Wednesday that a federal court should allow an antitrust lawsuit it filed against Facebook to go forward as the company has 'interfered with the competitive process by targeting nascent threats through exclusionary conduct.'
In a filing with the U.S. District Court for the District of Columbia, the FTC said that for more than a decade, Facebook's market share - for example, more than 70% of daily active users - exceed the levels needed to establish monopoly power.
It said that Facebook sought to maintain its monopoly position by buying photo-sharing app Instagram and secure messaging app WhatsApp."The FTC has once again brought a monopolization case without a monopolist. Its claims ignore the reality that people have more choices than ever before in how they share, connect, and communicate, and its second complaint should be dismissed just like the first," a Meta spokesperson said in a statement.
The FTC also argued that Facebook was wrong to ask that Chair Lina Khan be recused from voting to approve the amended complaint. The FTC said it was originally filed before she was nominated to the commission and it would be the court, not the commission, which decided the case.Reporting by Diane Bartz and Chris Sanders, Editing by Rosalba O'Brien and Grant McCoolSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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