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FTC Prepares Possible Antitrust Lawsuit Against Facebook, Source Says
Yahoo Finance ^ | September 15, 2020 | David McLaughlin

Posted on 09/15/2020 8:48:39 PM PDT by rdl6989

- U.S. competition enforcers are preparing a possible antitrust lawsuit against Facebook Inc., according to a person familiar with the matter.

The Federal Trade Commission has been investigating Facebook for more than a year over whether the social media giant has harmed competition and could file a case by the end of the year, said the person, who was granted anonymity because the inquiry is confidential. No final decision has been made, the person added.

A lawsuit by the FTC would mark another major escalation by U.S. officials in their campaign against America’s technology giants, which have come under intense scrutiny in Washington over their dominant market positions. The Justice Department is preparing to sue Alphabet Inc.’s Google in a matter of weeks

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Crime/Corruption; Extended News
KEYWORDS: 2020election; antitrust; cdasection230; censorbusting; classactionfodder; election2020; facebook; factchecking; fascistbook; ftc; internet; landslide; markzuckerberg; rico; trumplandslide; zuckerberg

1 posted on 09/15/2020 8:48:39 PM PDT by rdl6989
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To: rdl6989

Good.


2 posted on 09/15/2020 8:48:50 PM PDT by MinorityRepublican
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To: upchuck

Ping.

Cue “Happy days are here again”


3 posted on 09/15/2020 8:50:17 PM PDT by lightman (I am a binary Trinitarian. Deal with it!)
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To: rdl6989

OUT-FREAKING-STANDING! This is long overdue. Hit them both with antitrust actions. Bust up Big Tech.


4 posted on 09/15/2020 8:56:12 PM PDT by FLT-bird
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To: rdl6989

As I’ve said before...90% of employees working for High Tech have received training on the dangers of Anti Trust violations.
The laws were written to keep any company from capturing a market AND controlling it.

FB and Google have both captured their market and have used political connections to keep it, plus have now used it as a weapon to use against those who would enforce the laws and protect Americans.

The GOP-e knows this but they have been bought off with donations.
They are too dumb to know they will be the first to see the wrath of which they have brought on the USA.


5 posted on 09/15/2020 8:57:56 PM PDT by Zathras
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To: Zathras
I disagree. You have the power of your mouse and keyboard There’s a billion websites. And dozens of search engines Duck 🦆 duck for example I don’t go on ANY social media. None. Freerepublic is it
6 posted on 09/15/2020 9:33:09 PM PDT by Truthoverpower (The guv-mint you get is the Trump winning express ! Yea haw ! Trump Pence II! Save America again)
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To: Truthoverpower

So you are OK with FB using it’s monopolistic power to change the outcome of our elections?


7 posted on 09/15/2020 10:00:33 PM PDT by matthew fuller (No Communista. No Socialista! Donald John TRUMP, Presidente por vida!)
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To: rdl6989

Only real way to hurt these Democrat companies is to ban all H1Bs and foreigners from these companies. Make them pay Americans.


8 posted on 09/15/2020 11:13:53 PM PDT by Starcitizen (Communist China needs to be treated like the pariah country it is. Send it back to 1971)
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To: Truthoverpower

Harmed Competition...is the key phrase there.

As a business owner we want to be seen and found on Google, Bing, Yahoo, etc. We want to on the Social Media platforms with positive gravitas.

Has FB harmed competition? It sure has and it’s not just political perspectives. The alogrithm alone skews against competition in the market place. Example on my business page I have over 300 “fans” and 325 “followers.” Not a big time business so I wouldn’t have thousands. Out of those folks, my last post was shown only to 35 people. 35. A little over 10% of people who by virtue of likes/follows want to receive my content in their newsfeed. Other companies in the same niche might only get 1-3% of their content shown to their fans.


9 posted on 09/16/2020 6:01:16 AM PDT by EBH (This had better be the last time I vote like my entire life depended on it.)
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To: Zathras

“90% of employees working for High Tech have received training on the dangers of Anti Trust violations”

No, they don’t. I know of no anti-trust training ever presented in a tech company. That’s decades of experience talking.


10 posted on 09/16/2020 6:02:49 AM PDT by CodeToad (Arm Up! They Have!)
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To: rdl6989

Boy, the Free Beer Tomorrow headlines sure have been flowing lately. That one has more qualifiers than the PGA Tour.


11 posted on 09/16/2020 6:45:51 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer.)
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To: lightman; a fool in paradise; acapesket; Baynative; beef; BullDog108; Califreak; cgbg; ...
Thanks for the ping lightman.

This is the Facebook Is Evil ping list.

If you'd like to be on or off this list, please click Private Reply below and drop me a FReepmail.

12 posted on 09/16/2020 7:25:53 AM PDT by upchuck (Why are maskers still cussing out non-maskers 6 months later? Shouldn't all non-maskers be dead now?)
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To: upchuck

Thanks.

The FTC needs to stop talking about doing it and needs to do it—yesterday.


13 posted on 09/16/2020 7:29:08 AM PDT by cgbg (Masters don't want slaves talking about masters and slaves.)
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To: rdl6989

FINALLY!


14 posted on 09/16/2020 8:43:29 AM PDT by Phillyred (Kieran Hussie)
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To: Truthoverpower

wrong. This is jus so wrong. You don’t the equal ability to reach billions of people and political ideas without Facebook and Twitter. It’s jus a reality. You don’t have equal access to free speech. Until you do, which you don’t, they need to be regulated if they are going to allow free speech for some and not all. Our Republic depends on it. It is way out of balance and can greatly.impact our free elections.


15 posted on 09/16/2020 8:47:05 AM PDT by Phillyred (Kieran Hussie)
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