[ad_1]
A federal judge on Tuesday rejected Facebook’s request to dismiss the lawsuit, allowing the Federal Trade Commission’s antitrust lawsuit against Facebook to move forward, giving the agency a major victory in its quest to curb the power of the biggest tech companies.
Judge James Boasberg of the U.S. District Court for the District of Columbia said last year that the FTC did not provide sufficient evidence that the company, which has since called itself Meta, has a monopoly on social media and has detrimentally abused that power. competition. The agency reopened the case in August, and Judge Boasberg on Tuesday said it had better support and the case should move forward.
But it also added some caveats. Judge Boasberg said the agency could pursue allegations that the company abused its monopoly power through acquisitions, which it described as a “buy or bury” strategy. However, he denied the agency’s accusation that Facebook violated antitrust laws by cutting third parties from its platform.
“Although the agency faces a long task down the road to prove its claims, the court now believes it has cleared the bar of defense and can continue to explore,” said Judge Boasberg. Said.
[ad_2]
Source link