Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Facebook says federal, state antitrust lawsuits not credible, files motions to dismiss

Facebook says federal, state antitrust lawsuits not credible, files motions to dismiss

Company says complaints 'do not credibly claim' that its conduct harmed consumers or competition

Facebook on Wednesday filed motions to dismiss antitrust lawsuits that the Federal Trade Commission and 48 state attorneys general brought against the tech giant in December.

The tech giant said in a statement that the FTC and state attorneys general did not make credible claims that Facebook harmed competition and consumers in violation of U.S. antitrust laws.

"You only have to look at your phone to know that the government’s assertion that Facebook monopolizes 'personal social networking services' doesn’t make sense," a Facebook spokesperson said in a statement to FOX Business.


The spokesperson named TikTok, iMessage, Twitter, Snapchat, LinkedIn, YouTube "and countless others" that compete with Facebook for consumers' "time and attention every day."

"Over the many years since the government cleared the Instagram and WhatsApp mergers, this competition has only gotten more fierce, and consumers have benefitted enormously from Facebook's investments in these free apps," the spokesperson said, adding that the government is trying to "rewrite history with its unprecedented lawsuit."


The FTC suit asserts that Facebook has engaged in a "systematic strategy" to eliminate its competition, including by purchasing smaller up-and-coming rivals like Instagram in 2012 and WhatsApp in 2014.

The state lawsuit spearheaded by New York Attorney General Letitia James similarly accuses Facebook of using its vast wealth to acquire rival social media platforms capable of challenging its dominance and of utilizing third-party developers to build its own user base, only to shut down those that became threats to its business.

"Facebook is wrong on the law and wrong on our complaint," James said in a statement to FOX Business. "We are confident in our case, which is why almost every state in this nation has joined our bipartisan lawsuit to end Facebook’s illegal conduct. We will continue to stand up for the millions of consumers and many small businesses that have been harmed by Facebook’s unlawful behavior."

James noted during a December press conference that Facebook acquired Instagram for $1 billion "when the company did not even have a cent in revenue" and argued that its purchase of WhatsApp for $19 billion was far beyond what industry analysts deemed to be market value for the messaging app.

The attorneys general claim Facebook’s business practices are predatory and anti-competitive in nature. James said at the time that the coalition would coordinate with the FTC on ongoing legal action, James added.

The FTC did not immediately respond to an inquiry from Fox News.

Big Tech companies are facing growing opposition from lawmakers on both sides of the aisle on the power they have amassed over the past decade. There's little likelihood the pressure will ease up. President Joe Biden has said that a breakup of tech giants should be seriously considered.

Lawmakers have previously pressed Facebook on its 2012 and 2014 purchases of Instagram and WhatsApp, respectively, which the Federal Trade Commission (FTC) vetted at the time. Facebook CEO Mark Zuckerberg and the company's lawyers have previously defended the company's purchases of WhatsApp and Instagram.

Critics say such tactics quash competition and could limit viable alternatives for consumers looking, for instance, for comparable services that do less tracking for targeted advertising. Businesses, including mom and pop shops, might have to pay more for ads if they have fewer choices to reach consumers online.

The lawsuits could take years to resolve.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Severe Heatwave Claims 2,300 Lives Across Europe
Declining Beer Consumption Signals Cultural Shift in Germany
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
×