US Attorney General William Barr is urging the US Justice Department to investigate Facebook to determine whether it violated federal antitrust laws, Reuters reported on Wednesday, September 25.
This new investigation comes on the heels of a Federal Trade Commission (FTC) probe seeking to discover if Facebook stifled competition.
The new antitrust investigation marks the fourth legal inquiry into of Facebook.
Another investigation of Facebook was launched earlier in September by a bipartisan group of attorneys general led by Democratic New York Attorney General Letitia James. Attorneys general from 39 states, as well as Puerto Rico, Guam, and the District of Columbia, have all signed a letter to the FTC asking it to look at a large range of factors when it comes to how Big Tech is harming consumers.
“We continue to engage in bipartisan conversations about the unchecked power of large tech companies,” James said in a statement to The Wall Street Journal on September 3. “The attorneys general involved have concerns over the control of personal data by large tech companies and will hold them accountable for anti-competitive practices that endanger privacy and consumer data.”
There was also a July meeting with AGs from eight states with US Attorney General William Barr to discuss Big Tech’s ramifications.
Facebook isn’t alone when it comes to scrutiny. A Google investigation was announced at a press conference on September 9 outside the U.S. Supreme Court. A bipartisan group of three dozen state attorneys general is also joining the investigation.
Republican Texas Attorney General Ken Paxton is leading the Google probe. At issue is Google’s impact on digital advertising markets and the possible harm this might have caused to consumers, the sources told the newspaper.
Facebook recently paid US$5 billion to settle charges from FTC allegations over deceptive practices that lured users to give up their personal data. The company is still under investigation regarding its purchase of Instagram.
Full Content: PYMNTS
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Apple Prevails in Dismissal of Crypto-Payment Antitrust Lawsuit
Mar 27, 2024 by
CPI
Amazon Fined in Poland for Misleading Customers
Mar 27, 2024 by
CPI
Credit Card Rewards Under Threat as Visa, Mastercard Settlement Impacts Swipe Fees
Mar 27, 2024 by
CPI
UK Fashion Giants Commit to Honest Environmental Claims
Mar 27, 2024 by
CPI
Former Traders Lose Appeal Against Libor Rigging Conviction
Mar 27, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI