The lawsuits allege that Facebook used monopoly power. December 9, 2020, 9:00 pm படிக்க6pm Share to Facebook Email This Article This article The 48 State Attorney General’s Coalition, led by New York’s Ledia James, announced a new lawsuit against Facebook on Wednesday accusing the company of blocking competition to defend its “monopoly power.” The same day the Federal Trade Commission announced a separate lawsuit against the social media company, accusing it of anti-competitive practices. “For almost a decade, Facebook has used its dominance and monopoly power to crush small rivals and snatch competition at the expense of everyday users,” Attorney General James said in a statement. “Today, we are taking action to stand up in support of the millions of consumers and many small businesses that have been affected by Facebook’s illegal behavior.” James Facebook “uses its power to suppress competition so that users can make billions using it” converts personal data into cash. “Signage is shown outside Facebook headquarters in Menlo Park, California, Oct. 30, 2018. He added that every state in the country is involved in bipartisan lawsuits because attempts to dominate Facebook are illegal enough to harm the market.” The company has been accused of illegally maintaining its “monopoly” through unpredictable practices over the years. “Measures to maintain and maintain Facebook’s monopoly deny consumers the benefits of competition. Our goal is to reverse Facebook’s reactionary behavior and restore competition so that innovation and free competition can flourish,” Facebook tweeted from its official communications account. Complaints. “We are reviewing the complaints and will tell you soon,” the company said. “Many years after the FTC destroyed our acquisitions, the government now wants to do so without considering the pioneering impact on the wider business community or the individuals who choose our products every day.” The Facebook logo is a mobile phone in this image description taken on December 2, 2019. The Attorney Generals’ lawsuit, filed Wednesday in Washington, D.C., alleges that Facebook is using a variety of methods to maintain its dominance – especially with third-party developers on its site, including gaining and squashing small or potential competitors. Customers are plagued with fewer options online, and the power of Facebook grows only as it collects users ‘personal information and uses it for its business purposes, according to a report from James’ office. Prosecutor Generals’ lawsuit alleges Facebook violated Section 2 of the Sherman Act and several violations of Section 7 of the Clayton Act. It seeks a court order to stop Facebook’s unexpected behavior and prevent it from doing so in the future. In addition, the Coalition is asking states to ban Facebook from making acquisitions worth $ 10 million or more without prior notice. Finally, it seeks unspecified additional relief. The FTC case examines Facebook’s 2012 Instagram acquisition and 2014 acquisition of WhatsApp as examples of its use of monopoly power, and the company blames software developers for unforeseen circumstances. The FTC case is a permanent injunction in federal court requiring Facebook to sell an Instagram and WhatsApp. It expects Facebook to gain approval for the announcement and future mergers and acquisitions, and to end its unpredictable conditions for software developers. Jennifer Newstead, Facebook’s vice president and public consultant, told ABC News, “This is revisionist history.” “There are hopeless laws to protect successful businesses and promote innovation, not just successful businesses,” Newstead added. “Instagram and WhatsApp have become incredible products today because Facebook has invested billions of dollars and years of innovation and expertise to create new features and better experiences for the millions who enjoy those products.” He continued: “The most important fact is that the Commission did not mention this in its 53-page complaint, which destroyed these acquisitions many years ago. The government now wants a deal, sending a warning to US businesses that no sale is final. People and Small Businesses Did not choose to use because they use them, because our applications and services are highly valued, and we are going to seriously protect the ability of people to pursue that choice. ”
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