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More US states join anti-trust probe of Facebook

2019-10-22 17:48 by


Forty-seven state attorneys general have joined an antitrust investigation into Facebook. The New York Attorney General's office is leading the investigation, which it opened last month with AGs from seven other states and the District of Columbia.

"After continued bipartisan conversations with attorneys general from around the country, today I am announcing that we have vastly expanded the list of states, districts and territories investigating Facebook for potential antitrust violations," New York AG Letitia James said in a statement. "Our investigation now has the support of 47 attorneys general from around the nation, who are all concerned that Facebook may have put consumer data at risk, reduced the quality of consumers' choices and increased the price of advertising."

Facebook already faces a separate antitrust investigation launched by the Federal Trade Commission in July. The probe was announced on the heels of the FTC's $5 billion fine against Facebook over its privacy policies.

Facebook has vowed to cooperate with the investigation, but pushes back on any implication that it functions as a social media or digital advertising monopoly.

Read more -here-


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