08/19/2021

FTC Refiles Antitrust Case Against Facebook

The commission argues no social network comes close to its scale

The Federal Trade Commission on Thursday refiled a bolstered version of its antitrust case against Facebook.

In the complaint, the agency argues that Facebook holds monopoly power in personal social networking, with no other competitor coming close. The complaint alleges that Snapchat is the company's next-closest competitor, with tens of millions fewer monthly users than either Facebook or Instagram.

"No other personal social networking provider in the United States remotely approaches Facebook's scale," the agency said in the complaint.

Please select this link to read the complete article from The Washington Post.