News FTC and 48 States Sue Facebook for Anticompetitive Practices

[Admin]

Facebook is currently in hot water from both the FTC and 48 state attorneys general, who are arguing that the company broke antitrust law to establish a monopoly and take advantage of user data.

FTC and 48 States Sue Facebook for Anticompetitive Practices : Read more

 

[knightmike]

If you really want to protect us from anti-competitive practice, how about giving us a choice of internet service providers?

 

[purple_dragon]

If you really want to protect us from anti-competitive practice, how about giving us a choice of internet service providers?

All of the major tech companies are more monopolistic than microsoft ever was. Unfortunately, where you live dictates whether you have ISP options or not.

 

[spentshells]

All of the major tech companies are more monopolistic than microsoft ever was. Unfortunately, where you live dictates whether you have ISP options or not.

Kinda cool here in canada, smaller providers can buy bulk bandwidth from the major telecoms and resell it, many times at a lower price.

Apparently they can't say no.

 

[MorganPike]

Business as usual. A predictable result of an open marketplace. Of course a business will act in it's best interest and it's best interest is to remove it's competition. This is why we have laws to combat this type of behavior.

Looks like a good example of our system working. So many examples of it failing it's nice to see it working once in a while. There are actually many examples of it working but they usually get no visibility or they are shared in a negative light.

 

[spongiemaster]

Facebook does have a point when they say the FTC cleared those acquisitions. How are you going to claim those are monopolistic when you approved acquisitions in the first place? Facebook didn't just become a monopoly. They were already one when they purchased whatsapp and Instagram.

 

[MorganPike]

Facebook does have a point when they say the FTC cleared those acquisitions. How are you going to claim those are monopolistic when you approved acquisitions in the first place? Facebook didn't just become a monopoly. They were already one when they purchased whatsapp and Instagram.

Mistakes are made. The world would be an even crappier place than it already is if we weren't allowed to go back and correct our mistakes. Dang. Can you imagine?

 

[spongiemaster]

Mistakes are made. The world would be an even crappier place than it already is if we weren't allowed to go back and correct our mistakes. Dang. Can you imagine?

A mistake would be me ordering the spiciest wings at a local chicken wing joint. Multiple government agencies approving a $19 billion acquisition by an overwhelming market gorilla and not seeing the monopoly implications does not fall into the mistake category.

 

[hotaru251]

Since these lawsuits mostly focus on Facebook’s monopoly over social media, it’s unclear whether Facebook will be asked to sell Oculus as well.

doubtful?
Oculus isnt monopoly given in VR scene u have multiple other headsets and stores.

only issue that needs looked at is the forced FB acct (as it DOES leave u open to data theft.)

 

[MorganPike]

A mistake would be me ordering the spiciest wings at a local chicken wing joint. Multiple government agencies approving a $19 billion acquisition by an overwhelming market gorilla and not seeing the monopoly implications does not fall into the mistake category.

It does. Governments are not immune and scale doesn't excuse it. Many mistakes have been made in this worlds history, some of them affecting the entire world. This doesn't make these events any less of a mistake. I would argue that larger issues are even more important to consider as they affect a lot more than just your dinner plans.

You may not agree that it was a mistake, but that wasn't what my comment targeted.

 

[jkflipflop98]

What an incredible waste of time and resources. Facebook isn't a monopoly. It's not even close. This recent mob mentality of "break up all the big companies" is idiotic and self-defeating. Good ol' America. We just can't stop shooting ourself in the dick. Our leaders are waging war on our own economic powerhouse corporations, meanwhile China is pumping money and resources into theirs. It's not hard to see where this is going.