{"id":96145,"date":"2020-10-23T18:53:37","date_gmt":"2020-10-23T15:53:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftc-reportedly-nearing-the-end-of-facebook-antitrust-probe\/"},"modified":"2020-10-23T18:53:37","modified_gmt":"2020-10-23T15:53:37","slug":"ftc-reportedly-nearing-the-end-of-facebook-antitrust-probe","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftc-reportedly-nearing-the-end-of-facebook-antitrust-probe\/","title":{"rendered":"#FTC reportedly nearing the end of Facebook antitrust probe"},"content":{"rendered":"

“#FTC reportedly nearing the end of Facebook<\/a> antitrust probe<\/strong>”
\n<\/p>\n

\n Step aside, Google \u2014 it may soon be Facebook\u2019s turn to take the antitrust spotlight.<\/p>\n

Federal regulators are reportedly in the final innings of their probe of the giant social network, and are now discussing their next steps in the case.<\/p>\n

The five commissioners of the Federal Trade Commission met on Thursday to discuss the 17-month investigation,\u00a0which could result in the second blockbuster Big Tech lawsuit this year, according to a report by the Washington Post<\/a>.<\/p>\n

The regulator has been examining whether Facebook has abused its market dominance to quash competition, and had placed a focus on Facebook\u2019s previous acquisitions of Instagram and WhatsApp<\/a>.<\/p>\n

FTC staffers have already taken testimony from CEO Mark Zuckerberg. Any lawsuit against Facebook would require a majority vote from the FTC\u2019s commission, which is currently comprised of two Democrats and three Republicans.<\/p>\n

George Washington University law professor William Kovacic, who was a Republican appointed FTC Commissioner from 2006 through October 2011, says he believes the FTC will sue the social networking giant before the end of the year, and that it may try to force Facebook to spin off Instagram.<\/p>\n

\u201cThe charge will be Facebook obtained and maintained a monopoly through its series<\/a> of acquisitions,\u201d Kovacic told The Post. \u201cIf you\u2019re the FTC you ask for [Instagram to be spun off] even if you don\u2019t get it\u201d and settle instead, he added.<\/p>\n

FTC Chair Joe Simons does not want to repeat the mistakes of the FTC in 2013 when after a big investigation of Google it did not sue, and Google instead got more anti-competitive, leading to the DOJ suit this week, he said.<\/p>\n

He added that FTC Chairman Joe Simons does not want the regulator to repeat the same mistake it did in 2013, when after a big investigation of Google it didn\u2019t sue. The search giant then got more anti-competitive, leading to this week\u2019s lawsuit from the Department of Justice \u2014 the biggest challenge to Big Tech in 22 years.<\/p>\n

Simons has the three votes needed on the five-member FTC commission to bring a suit, Kovacic added.<\/p>\n

That includes the support of Rebecca Kelly Slaughter, the former Chief Counsel to Senate Minority Leader Charles Schumer.<\/p>\n

It\u2019s not Facebook\u2019s first run-in with the FTC. The Menlo Park, Calif.-based company was hit with a record-shattering $5 billion fine last year following the FTC\u2019s probe into Facebook\u2019s 2014 promise to stop allowing third-party developers to access data from the \u201cfriends\u201d of app users.<\/p>\n

Instead, the FTC says, Facebook \u201cgrandfathered\u201d developers already on the platform, including British consulting firm Cambridge Analytica, known for using a personality test to better target voters with ads ahead of the 2016 presidential election.<\/p>\n

The news<\/a> arrives\u00a0the same week that Senate Judiciary Committee Republicans voted to subpoena Zuckerberg to answer for Facebook\u2019s censorship\u00a0of The Post\u2019s expose on the Biden family\u2019s foreign business dealings in Ukraine and China.<\/p>\n

Facebook shares were down 0.2 percent Friday morning.\n <\/p><\/div>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

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If you want to read more News articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#FTC reportedly nearing the end of Facebook antitrust probe” Step aside, Google \u2014 it may soon be Facebook\u2019s turn to take the antitrust spotlight. Federal regulators are reportedly in the final innings of their probe of the giant social network, and are now discussing their next steps in the case. The five commissioners of the…<\/p>\n","protected":false},"author":1,"featured_media":96146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/Mark-Zuckerberg-1-1.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[76850,70874,4974,70875,26293],"class_list":["post-96145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-23-20","tag-anti-trust-law","tag-facebook","tag-ftc","tag-google"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/96145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=96145"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/96145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/96146"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=96145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=96145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=96145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}