Facebook break-up would be hard, says FTC chief - Financial Times

Facebook break-up would be hard, says FTC chief. Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joseph Simons, the chairman of the Federal Trade ...

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How To Break Up Facebook - Slate Magazine

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Dec 11, 2020 · The FTC is partly seeking to force Facebook to sever its subsidiaries Instagram, which it acquired in 2012 for $1 billion, and WhatsApp, which it acquired in 2014 for $19 billion.

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Column: In Facebook Settlement, The FTC Lets The ... - Los Angeles …

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Jul 24, 2019 · The fine of $5 billion is certainly stupendous when measured against FTC fines in previous cases, but it’s still a pittance compared with Facebook’s financial heft, particularly …

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FAQs about Facebook break-up would be hard, says FTC chief - Financial Times Coupon?

Can the FTC break up Facebook?

A judge dealt the Federal Trade Commission a setback this week in its quest to break the company up—but also provided a roadmap for how to proceed. A judge has given the FTC, under newly appointed chair Lina Khan, 30 days to beef up the parts of its complaint against Facebook that he found lacking in evidence. Photograph: Getty Images ...

Why did the Federal Trade Commission file a complaint against Facebook?

Today, the Federal Trade Commission filed an amended complaint against Facebook in the agency’s ongoing federal antitrust case. The complaint alleges that after repeated failed attempts to develop innovative mobile features for its network, Facebook instead resorted to an illegal buy-or-bury scheme to maintain its dominance. ...

Did Facebook withhold information from the FTC?

First up is the Federal Trade Commission’s allegation that Facebook, as the company was called at the time, withheld information from the agency when the FTC was reviewing its acquisitions of Instagram in 2012 and WhatsApp in 2014. Although it cleared the mergers, the FTC sued Meta in 2020 in an attempt to have them unwound. ...

How long did the FTC have to beef up Facebook complaint?

A judge has given the FTC, under newly appointed chair Lina Khan, 30 days to beef up the parts of its complaint against Facebook that he found lacking in evidence. Photograph: Getty Images You may have heard about how the government’s effort to break up Facebook was dealt a death blow by a federal judge on Monday. ...

Why did the FTC reject Facebook?

The rejection of Facebook’s motion was a victory for the FTC after its original lawsuit was dismissed by Boasberg last year. At the time, the judge said the agency had “failed to plead enough facts to plausibly establish” that the company had monopoly power over the social network market and employed a “buy or bury” approach to surmount its rivals. ...

Why did Facebook pay $5 billion to the FTC?

Facebook last year agreed to pay $5 billion to the FTC to end an investigation into the company’s privacy practices, a record penalty but one the company’s critics dismissed as meaningless. The new administration in Washington won’t necessarily give the tech industry a reprieve, either. ...