Facebook Is Deemed A Monopoly Again As Antitrust Lawsuit Is Refiled

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The Federal Trade Commission (FTC) has refiled its antitrust lawsuit against Facebook.  Investigators claim "Facebook has systematically tracked potential rivals and acquired companies that it viewed as serious competitive threats. Facebook supplemented this anticompetitive acquisition strategy with anticompetitive conditional dealing policies, designed to erect or maintain entry barriers and to neutralize perceived competitive threats.”  The FTC claims Facebook stops competitors by making it near-impossible to enter the marketplace or purchasing a company that it sees as a potential rival.  Holly Vedova, the acting director of the FTC’s Bureau of Competition states, “Facebook lacked the business acumen and technical talent to survive the transition to mobile. After failing to compete with new innovators, Facebook illegally bought or buried them when their popularity became an existential threat."

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