Facebook Hit with Lawsuit from FTC and 48 other states over monopoly power
An alliance of 48 state lawyers general, driven by New York’s Letitia James, reported another claim against Facebook Wednesday, charging the organization smothers rivalry to secure its “restraining infrastructure power.”
The claim comes the very day that the Federal Trade Commission declared a different suit against the web-based media goliath, likewise blaming it for hostile to serious practices.
“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,” Attorney General James said in a statement. “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.”
James said Facebook “used its power to suppress competition so it could take advantage of users and make billions by converting personal data into a cash cow.”
Facebook also tweeted from its official Twitter handle stating
“We’re reviewing the complaints & will have more to say soon,” the company said. “Years after the FTC cleared our acquisitions, the government now wants a do-over with no regard for the impact that precedent would have on the broader business community or the people who choose our products every day.”