The U.S. authorities have filed an antitrust lawsuit against Facebook

The U.S. Federal Trade Commission has filed an antitrust lawsuit against Facebook, accusing the company of eliminating competitors and monopolizing the advertising market in social networks.

“Facebook’s dominant position gives the company staggering revenues… Last year alone, its revenue exceeded $ 85 billion, income exceeded $ 29 billion,” the statement of claim filed in the Washington District Court says.

According to the commission, “the company mainly monetizes the monopoly of the social network by selling advertising based on (computer) surveillance of users.” Facebook, the authors of the claim, are sure, has been “buying up” companies that could potentially become its competitors for the past 10 years, thereby creating a market in which it is the only player of this scale.

The authorities are asking the court to find the social network guilty of violating the antimonopoly legislation and force it to abandon such actions in the future.

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Author: Ivan Maltsev
The study of political and social problems of different countries of the world. Analysis of large companies on the world market. Observing world leaders in the political arena.
Function: Chief-Editor
Ivan Maltsev

Spelling error report

The following text will be sent to our editors: