![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() by AFP Staff Writers Washington (AFP) July 26, 2021
US antitrust enforcers have asked a federal court for extra time in refiling a monopoly abuse case against Facebook which could roll back its acquisition of Instagram and WhatsApp, but was thrown out last month. The Federal Trade Commission said Facebook did not oppose the request to extend the filing deadline by some three weeks until August 19, according to a filing in court Friday and posted online Monday. The extension gives the FTC time to revise its argument in the case. Last month, Judge James Boasberg of the US District Court of Washington, DC, said in a 53-page opinion that the agency's initial lawsuit lacked evidence, notably in defining the market that Facebook was allegedly monopolizing. The federal agency based its case on a "vague" assertion that Facebook controlled more than 60 percent of the social networking market, but the FTC "does not even allege what it is measuring," according to the judge's June 28 ruling. The judge said the December FTC complaint "says almost nothing concrete on the key question of how much power Facebook actually had... it is almost as if the agency expects the court to simply nod to the conventional wisdom that Facebook is a monopolist." The judge issued a separate opinion dismissing the case by the states, saying attorneys general had waited too long to bring the case for the acquisition of Instagram in 2012 and WhatsApp in 2014. He initially gave the FTC 30 days to refile the case. The new FTC filing said the agency will file an amended complaint by August 19, and that Facebook will have until October 4 to file its response. Additional briefs will come November 17 from the FTC and December 1 from Facebook. The move comes amid a ramped-up effort by US antitrust enforcers against the largest technology firms which have increasingly dominated key sectors of the economy, including Facebook, Apple, Amazon and Google.
![]() ![]() China's Tencent ordered to give up exclusive music rights in antitrust crackdown Beijing (AFP) July 24, 2021 Chinese tech giant Tencent must relinquish its exclusive music label rights, the market regulator said Saturday, after finding that the firm had violated antitrust laws. The ruling is the latest in a crackdown on China's tech sector after years of runaway growth, as Beijing frets over the companies' growing influence as well as the security of troves of sensitive consumer data. Tencent acquired a majority stake in rival China Music Group in 2016, effectively controlling more than 80 percent of e ... read more
![]() |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |