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Yo_Mama_Been_Loggin

(107,996 posts)
Fri Dec 3, 2021, 01:57 PM Dec 2021

Facebook refuses to recognize Biden's FTC as legitimate

Facebook won't stop trying to get Federal Trade Commission (FTC) Chairwoman Lina Khan to recuse herself from the agency's monopoly lawsuit against them.

The social media giant, which recently rebranded under an umbrella company called Meta, asked the U.S. District Court for the District of Columbia in a court filing on Wednesday to dismiss the FTC's complaint. In the court filing, the company also once again argued that Khan, a big tech critic who has drawn rave reviews from progressives, should recuse herself from the suit.

Over the summer, the agency filed an amended complaint against Facebook—its original complaint was rejected by the court, but it was given time to amend it—where it alleges that the company has "maintained its monopoly position" by "systematically" acquiring "companies that it viewed as serious competitive threats."

In the amended complaint, the FTC also noted that "no other personal social networking provider in the United States remotely approaches Facebook’s scale."

https://www.msn.com/en-us/news/technology/facebook-refuses-to-recognize-bidens-ftc-as-legitimate/ar-AARoP58

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Facebook refuses to recognize Biden's FTC as legitimate (Original Post) Yo_Mama_Been_Loggin Dec 2021 OP
Surely this will go nowhere, as she is the lawfully authorised Chairwoman ? OnDoutside Dec 2021 #1
Overall, their luck is running out: BeckyDem Dec 2021 #2

BeckyDem

(8,361 posts)
2. Overall, their luck is running out:
Fri Dec 3, 2021, 02:50 PM
Dec 2021

For all the talk of forcing a Facebook breakup, no antitrust regulator has actually brought the hammer down on the company, which recently changed its name to Meta. Until now, that is.

On Tuesday, the U.K.’s Competition and Markets Authority (CMA) ordered Meta to sell Giphy, the library for GIFs and video clips that Facebook acquired in May 2020, for a reported $400 million. At the time, Facebook said the acquisition would help make conversations in Instagram and its stablemates more entertaining.

https://fortune.com/2021/11/30/uk-cma-meta-facebook-giphy-antitrust-big-tech-digital-markets-act-ftc/

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