Contest Trader

Don't miss the chance to cash-in prizes totaling

$10.000
Register here for the Ultimate demo trading competition

Facebook could face a lawsuit from the Federal Trade Commission

Facebook could face a lawsuit from the Federal Trade Commission

More legal actions taken against Facebook

The long-touted antitrust lawsuit against Facebook could happen sooner rather than later if we consider the information provided by sources familiar with the matter.

The US Federal Trade Commission has been preparing a case over the last year. Investigations showed that the giant social media outlet used its market position to eliminate the competition. This inquiry is part of a larger movement started by the US antitrust authorities to see the dominant tech companies' conduct. The ongoing investigation focuses on various past acquisitions Facebook made in the past, such as WhatsApp and Instagram, through which the company might have violated the antitrust laws.

On the other hand, it is possible that the Federal Trade Commission won't bring the case to court despite the preparations. The same thing happened in 2013 when, after extended trials, it didn’t get the antitrust trial against Google to court, but, as seen on Bloomberg.com, the Justice Department is just a few weeks away from suing the company.

For Facebook, this won't be the first antitrust issue. The Australian Competition and Consumer Commission started working on a bill that, if approved, would force tech giants to pay publishers for their content.

Following the news, Facebook closed 2.36% higher, but during today's pre-market session, is trading lower by 1.59%.

Sources: marketwatch.com, Bloomberg.com


Esta información preparada por za.capex.com no es una oferta o solicitud con el propósito de comprar o vender ningún producto financiero referido en el presente o participar en una relación legal, ni un consejo o recomendación con respecto a tales productos financieros.

Esta información está preparada para su circulación general. No se refiere a ningún objetivo de inversión específico, situación financiera o necesidad particular de un receptor.

Debería evaluar independientemente cada producto financiero y considerar la idoneidad de dicho producto, teniendo en cuenta sus objetivos de inversión específicos, la situación financiera o las necesidades particulares, y consultar con un asesor financiero independiente si fuera necesario, antes de operar con los productos financieros mencionados en este documento.

Esta información no debe ser publicada, estar en circulación, reproducida o distribuida en su totalidad o en parte a ninguna persona sin el consentimiento previo por escrito de la Compañía.

El rendimiento pasado no es siempre indicativo de las probabilidades o del rendimiento futuro. Todos los puntos de vista y opiniones presentados son exclusivamente del autor y no representan necesariamente las de za.capex.com