Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Facebook asks court to dismiss FTC antitrust complaint
"The FTC's fictional market ignores the competitive reality: Facebook competes vigorously with TikTok, iMessage, Twitter, Snapchat, LinkedIn, YouTube, and countless others to help people share, connect, communicate or simply be entertained," Facebook said in a statement. "The FTC cannot credibly claim Facebook has monopoly power because no such power exists."
U.S. District Judge James Boasberg had ruled in June that the FTC's original lawsuit was "legally insufficient" and didn't provide enough evidence to prove Facebook was a monopoly. He dismissed the states' separate complaint outright.
You get what you pay for.

archived Essays in competition policy, "Identifying antitrust markets"

by Cat on Tue Oct 5th, 2021 at 03:32:38 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series