Left Menu
Development News Edition

U.S. may file antitrust charges against Facebook as soon as November - newspaper

Facebook Inc may face U.S. anti-trust charges as soon as November, the Washington Post reported on Friday, citing four people familiar with the matter. The Federal Trade Commission met privately on Thursday to discuss a probe while state attorneys general under the leadership of New York's Letitia James have been scrutinizing the company for potential threats to competition, the newspaper reported.

Reuters | Updated: 24-10-2020 05:43 IST | Created: 24-10-2020 05:43 IST
U.S. may file antitrust charges against Facebook as soon as November - newspaper

Facebook Inc may face U.S. anti-trust charges as soon as November, the Washington Post reported on Friday, citing four people familiar with the matter.

The Federal Trade Commission met privately on Thursday to discuss a probe while state attorneys general under the leadership of New York's Letitia James have been scrutinizing the company for potential threats to competition, the newspaper reported. The timeline could still change, the newspaper said, adding that state attorneys general are in the late stages of preparing their complaint.

Facebook, the FTC and the office of the New York Attorney General were not immediately available for comment late on Friday. Facebook said in August that Chief Executive Mark Zuckerberg was interviewed at an FTC investigative hearing as part of the government's antitrust probe into the company.

Facebook faced similar probes by the Justice Department and by state attorneys general, and has said previously the investigations were looking at prior acquisitions and business practices involving "social networking or social media services, digital advertising, and/or mobile or online applications." In July 2019, Facebook agreed to pay a record-breaking $5 billion fine to resolve a separate FTC probe into the company's privacy practices.


TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

U.S. appeals ruling that barred Postal Service changes before election

The U.S. Postal Service USPS, Postmaster General Louis DeJoy and President Donald Trump late Friday appealed a federal judges ruling suspending service changes and requiring aggressive steps to ensure ballot deliveries ahead of the November...

UPDATE 1-U.S. appeals ruling that barred Postal Service changes before election

The U.S. Postal Service USPS, Postmaster General Louis DeJoy and President Donald Trump late Friday appealed a federal judges ruling suspending service changes and requiring aggressive steps to ensure ballot deliveries ahead of the November...

Cuttack robbery case: more arrests, gold recoveries made

Two more persons were arrested on Saturday in connection with the November 18 robbery incident in a finance company in Odishas Cuttack city, taking the number of accused apprehended in the case so far to 10, a senior police official said. T...

Cuban artists end rare protest, say authorities agree to talks

A rare public protest in Cuba of more than 300 artists, activists and members of the public outside the culture ministry to denounce repression and censorship ended early on Saturday after demonstrators said they agreed with officials to op...

Give Feedback