What the FTC's call for Facebook's break-up means for the tech sector - Business Insider

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The legal action against Facebook and other Big Tech companies could have long-lasting impacts on the technology sector

that "it's better to buy than compete" won't be in Facebook's favor. But these records on their own aren't enough to win the case. The government will also need to prove Facebook did stifle competition in harmful ways and make a case for why Facebook's $1 billion acquisition of Instagram and $19 billion acquisition of WhatsApp constituted monopolistic behavior, given the deals were cleared by the FTC in 2012 and 2014, respectively.

However, the FTC has the ability to challenge the initial decision in light of new evidence, which in this case points to Facebook's acquisitions having neutralized privacy-focused alternatives, stripping consumers of options that would better protect their data. . After Google, Facebook is the second global tech company to face an antitrust case this year: In October, the US Department of Justice laid out its long-awaited antitrust case against Google focusing on its monopoly over the search market in the US and its practices in reaching and maintaining dominance.

These cases draw parallels to the 1990s Microsoft antitrust case over its dominance in the software market, in which a court initially

 

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The actions should damn well better!

BS. Legal action needs to happen. These scum bags are working to control everything and everyone.

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