Just a few minutes ago, I spotted this on Twitter:
Good, it's about time that the giant tech companies' are held accountable for their unfair business practices.
Hopefully, similar action against Facebook and Twitter will follow. Facebook is already under investigation.
From the Wall Street Journal:
WASHINGTON—The Federal Trade Commission is gearing up to file a possible antitrust lawsuit against Facebook Inc. FB 0.95% by year-end, according to people familiar with the matter, in a case that would challenge the company’s dominant position in social media.
The case preparations come after the FTC has spent more than a year investigating concerns that Facebook has been using its powerful market position to stifle competition, part of a broader effort by U.S. antitrust authorities to examine the conduct of a handful of dominant tech companies.
No final decision has been made on whether to sue Facebook, people familiar with the matter said, and the commission doesn’t always bring cases even when it is making preparations to do so, such as when it decided against filing an antitrust complaint against Google Inc. in 2013 after a lengthy investigation.
To read more, go here.
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