Federal judge rules FTC can proceed with antitrust suit against Facebook parent Meta

- Advertisement -


A federal judge ruled on Tuesday the Federal Trade Commission’s antitrust case against Facebook parent Meta Platform Inc., seven months after the agency’s first complaint was thrown out.

- Advertisement -

US District Judge James E. Bosberg wrote, “While the agency may have a long job to prove its allegations, the Court believes it has now cleared the pleading bar and can proceed with the search. “

- Advertisement -

In August, the FTC filed an amended complaint claiming that Facebook FB,
+1.92%
“After repeated failed attempts to develop innovative mobile features for its network … it resorted to an illegal buy-or-bury scheme to maintain its dominance.”

Bosberg said the FTC presented “more robust and detailed” evidence in its second complaint showing Facebook has an alleged monopoly. The judge, who dismissed the FTC’s case in late June 2021 because it was “light on unquestionably specific factual allegations,” denied Meta’s attempt to dismiss the Monopoly case on Tuesday, and granted the company until January Ordered to file a response to the FTC’s complaint. 25.

- Advertisement -

Meta was not immediately available for comment. The company has reportedly sought the removal of new FTC chairman Leena Khan from any fresh action against the company. Khan oversaw a refill of the FTC’s complaint in mid-August.

The FTC made an audacious attempt to separate Instagram and WhatsApp from Meta, an audacious bid that could have stymied major tech acquisitions over the past decade.

Read more: Facebook’s acquisition of Instagram and WhatsApp is antitrust target, but its Metaverse merger could be a victim

The FTC is already trying to slow down Meta’s Metaverse-inspired acquisition spree, according to one by opening a thorough antitrust investigation into a $400 million bid to buy VR fitness app Supernatural. Report by information. According to Pitchbook, it was one of a half-dozen acquisitions by Meta this year, and at least the fifth VR acquisition in the past three years.

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox