Consumer Law

FTC Files Lawsuit Against Facebook Alleging Illegal Power Grabs

The Federal Trade Commission and 48 attorneys general across the nation filed much-anticipated lawsuits against Facebook on Wednesday, accusing the social media giant of gobbling up competitive threats in a way that has entrenched its popular apps so deeply into the lives of billions of people that rivals can no longer put up a fight.

“For nearly a decade, Facebook has used its dominance and monopoly power to crush smaller rivals and snuff out competition, all at the expense of everyday users,” said New York Attorney General Letitia James, who led the states’ investigation. “Today, we are taking action to stand up for the millions of consumers and many small businesses that have been harmed by Facebook’s illegal behavior.”

The suits are the latest salvo against Big Tech and come less than two months after the U.S. Justice Department and 11 states sued Google, alleging the company violated competition law. Together, the efforts to rein in the power of the tech giants mark a new era for U.S. regulators, who for decades allowed the technology sector to grow rapidly with few restraints.

Read the source article at npr.org

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