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Cyber Security

48 U.S. States and FTC are suing Facebook for illegal monopolization

Federal Trade Commission and 48 state attorneys general file a pair of antitrust lawsuits against Facebook. The lawsuits allege that the company abused its power in the marketplace to neutralize competitors and deprive users of better privacy-friendly alternatives. Facebook calls the lawsuits “revisionist history,” while also pointing out the fact that regulators “correctly” allowed these deals to move forward because they did not threaten competition. The development also comes as lawmakers are increasingly scrutinizing business practices of tech companies and tech companies, and amid Facebook’s own plans to intertwine the backend infrastructure of the three services.

Source: https://thehackernews.com/2020/12/48-us-states-and-ftc-are-suing-facebook.html

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