WASHINGTON (Reuters) – The Federal Trade Commission and a large U.S. group asked a federal court on Wednesday to reject Facebook Inc’s request to lift a major antitrust case filed against the giants in the United States. Social media in December
The FTC, in the filing, said Facebook bought the Instagram photo-sharing app because Chief Executive Mark Zuckerberg believed it was a “big and potential competitor”; and bought the WhatsApp messaging app to counter the emerging threats the FTC had asked. The court ordered Facebook to sell those assets.
The state, which has filed a separate antitrust lawsuit against Facebook, said in the filing: “ By deploying the buy-or-bury scheme of acquisitions and trade exclusion, Facebook has successfully overcome the crackdown and Block the competition by seizing the monopoly power on this issue.
Facebook has asked the court to dismiss both cases, arguing that they were brought “in an environment rife with Facebook’s relentless criticism for matters completely unrelated to antitrust concerns.”
It also said that their case could not be shown that they were harmed by Facebook and that they waited too long.
The FTC and states have accused Facebook of breaking antitrust laws to get smaller rivals to take on rivals such as Instagram for $ 1 billion in 2012 and WhatsApp in 2014 for $ 19 billion.
All told, the federal and state governments filed five lawsuits against Alphabet Inc’s Facebook and Google last year after the two sides’ frustration over the misuse and abuse of social media, both economically and internationally. Political circles
Reporting by Diane Bartz; Edited by Peter Cooney.