World

Report says US may file antitrust charges against FB as soon as November

NEW YORK:” Facebook Inc may face US antitrust charges as soon as November, the Washington Post reported on Friday, citing four people familiar with the matter. The US Federal Trade Commission met privately on Thursday to discuss a probe while state attorneys general under the leadership of New York’s Letitia James have been scrutinising the company for potential threats to competition, the newspaper reported.
The timeline could still change, the newspaper said, adding that state attorneys general are in the late stages of preparing their complaint. Facebook, the FTC and the office of the New York Attorney General were not immediately available for comment late on Friday.
Facebook said in August that CEO Mark Zuckerberg was interviewed at an FTC investigative hearing as part of the government’s antitrust probe into the company. Facebook faced similar probes by the justice department and by state attorneys general, and has said previously the probes were looking at prior acquisitions and business practices involving “social networking or social media services, digital advertising, and/or mobile or online applications”. In July 2019, Facebook agreed to pay a recordbreaking $5 billion fine to resolve a separate FTC probe into the company’s privacy practices. On Tuesday, the justice department sued Google, accusing it of illegally maintaining its monopoly power in search and search advertising — the first such government action against a tech firm in two decades.

You may also like

More in:World

Comments are closed.