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 Federal Trade Commission secures rights to lead antitrust investigation into Facebook

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RR Phantom

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Federal Trade Commission secures rights to lead antitrust investigation into Facebook Vide
PostSubject: Federal Trade Commission secures rights to lead antitrust investigation into Facebook   Federal Trade Commission secures rights to lead antitrust investigation into Facebook Icon_minitimeMon Jun 03, 2019 6:19 pm
The Federal Trade Commission (FTC) will lead an antitrust investigation into how Facebook Inc’s practices affect its digital competition as part of an arrangement that would give the Justice Department control over possible Google and Apple probes, news of which caused stock prices to tumble on Monday, wiping more than $149.4 billion off the value of some of America's biggest technology firms.

Federal Trade Commission secures rights to lead antitrust investigation into Facebook 14319566-7100289-image-m-33_1559587871828

The FTC and the Justice Department both oversee antitrust issues in the U.S. and must establish who will take the lead in different investigations into competitive practices.

Citing unnamed sources, The Wall Street Journal reported on Monday that the FTC secured the rights to begin a potential investigation into whether Facebook engaged in what it called 'unlawful monopolistic behavior.'

https://www.dailymail.co.uk/news/article-7100289/FTC-lead-possible-Facebook-antitrust-probe.html
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