Facebook on Monday filed a motion to dismiss the Federal Trade Commission’s amended antitrust complaint against the social network, reported The New York Times.
The amended complaint, filed in August, is focused on the social media giant’s acquisitions of Instagram and WhatsApp, accusing Facebook of unlawfully maintaining its dominance by acquiring or eliminating companies it sees as competitive threats.
In June, US District Judge James Boasberg dismissed an earlier antitrust complaint filed by the FTC, saying the agency hadn’t provided enough evidence that Facebook has monopoly power in personal social networking.
Facebook on Monday said the amended complaint should “suffer the same fate,” arguing that the FTC can’t credibly claim the social network has monopoly power.
“The FTC’s fictional market ignores the competitive reality: Facebook competes vigorously with TikTok, iMessage, Twitter, Snapchat, LinkedIn, YouTube, and countless others to help people share, connect, communicate or simply be entertained,” said a Facebook spokesperson in an emailed statement. “We continuously innovate and improve our products and services to earn people’s time and attention because we have to.”
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI