Judge dismisses gov't antitrust lawsuits against Facebook

[Omaha Steve]

Source: AP

By MICHAEL BALSAMO and MARCY GORDON

WASHINGTON (AP) — A federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants.

U.S. District Judge James Boasberg ruled Monday that the lawsuits were “legally insufficient” and didn’t provide enough evidence to prove that Facebook was a monopoly. The ruling dismisses the complaint but not the case, meaning the FTC could refile another complaint.

“These allegations -- which do not even provide an estimated actual figure or range for Facebook’s market share at any point over the past ten years -- ultimately fall short of plausibly establishing that Facebook holds market power,” he said.

The U.S. government and 48 states and districts sued Facebook in December 2020, accusing the tech giant of abusing its market power in social networking to crush smaller competitors and seeking remedies that could include a forced spinoff of the social network’s Instagram and WhatsApp messaging services.



FILE - In this April 14, 2020 file photo, the thumbs up Like logo is shown on a sign at Facebook headquarters in Menlo Park, Calif. A federal judge has dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants. (AP Photo/Jeff Chiu, File)


Read more: https://apnews.com/article/lawsuits-business-technology-government-and-politics-07ea9587e8afc87c2d99b1c382828d4f

[onecaliberal]

1. It's been a great day for criminals.

[GB_RN]

2. I Hate Zuckerberg/Fecesbook

I can't prove it's a monopoly, but I'm sure it is. However, I KNOW it's a danger to the health of our democracy and something needs to be done about it.