Facebook may face antitrust charges from the US

The social media giant Facebook could face antitrust charges from the United States as early as November 2020. Reuters said the news first came from the Washington Post, which also cites four people familiar with the ongoing matter.

As reported in the publication on Friday, the Federal Trade Commission met confidentially on Thursday to review the situation. The FTC is responsible for consumer protection in the United States. On the other hand, the state attorneys general under the leadership of Letitia James of New York looked into Facebook for potential threats to competition.

The time frame could vary, the publication said, adding that the state attorneys general are in the last stages of preparing their complaint. Neither Facebook, or the FTC, or the New York Attorney General’s Office have already dealt with the move.

Although Facebook’s Mark Zuckerberg said in August he was interviewed in an FTC investigative hearing as part of the government’s antitrust investigation into the social media company.

Facebook faced similar investigations by the Department of Justice and state attorneys general and previously stated that the investigations were examining previous acquisitions and business practices involving “social networks or social media services, digital advertising and / or mobile applications or online “.

Previously, in July 2019, Facebook also agreed to pay a record-breaking $ 5 billion fine to settle a separate FTC investigation into the company’s privacy practices.

The United States could file antitrust charges against the social media giant Facebook already in November 2020.

News Underline:

  • Facebook could face antitrust charges from the United States as early as November 2020.
  • The Federal Trade Commission met in confidence on Thursday to discuss an investigation.
  • Mark Zuckerberg said in August that he was interviewed during an FTC investigative hearing.