Around 40 attorney generals and the US government as well are going to throw a book at the book i.e., Facebook. This is because Facebook has allegedly tried to violate the Antitrust law. According to Reuters, this is a lawsuit that Facebook deployed anticompetitive tactics just to buy and neutralize the rivals and shore up the market dominance. Shoring up the market can be specifically done by purchasing the photo-sharing application that is Instagram and messaging application Whatsapp.
Three of the people familiar with the lawsuit told the Washington Post that this condition of anonymity is having a bipartisan coalition of attorneys general. Moreover, the lawsuit was there after months when Federal Trade Commission being to probe into the company’s alleged anti-competitive practices for more than a year. In the year 2019, this probe ended with Facebook after paying out a record-breaking $5 billion fine just for mishandling the data of numbers of people. But still, there are some critics that bemoaned the fact that punishment did not go far with some of the voices even if they were calling antitrust lawsuits just to break Facebook and other big companies of tech.
Probing further, Facebook- BrainChild of Mark Zuckerberg has maintained its part that its purchases smaller social media subsidiaries and have never impeded the ability of competitors to thrive. That was the time where regulators were having no reason or thing to make them stop. But now is the right time. Hence, in the month of October only, the Department of Justice and 11 other states filed a complaint of antitrust against Google.
Add Comment