U.S. Antitrust Probe Of Facebook Expands

31419

An antitrust investigation into Facebook ramped up on Tuesday with the announcement that 46 state attorneys general from across the U.S. have joined the New York-led probe.

“Those chief legal officers of states and territories are all concerned that Facebook may have put consumer data at risk, reduced the quality of consumers’ choices, and increased the price of advertising.” The  New York Attorney General Letitia James said in a news release.

READ ALSO:   Interconnectivity: Facebook, Telcos Set to Connect Africa, Middle East, Europe With $1b Subsea Cable

She added that the inquiry aims to determine whether Facebook’s actions stifled competition and put users at risk.

By working together, state attorneys general are leading the way in ensuring digital platforms respect consumer privacy and do not engage in anti-competitive behavior,” said Mark Brnovich.

The Republican attorney general of Arizona, one of the officials now taking part in the investigation.

READ ALSO:   Facebook Pulls Down Trump's Ads Containing Nazi Symbol

Shares of Facebook fell around 2.2 per cent on the news. New York first kicked off the bipartisan inquiry on Sept. 6, with seven other states and the District of Columbia, while soliciting support from further states.

“Facebook would work constructively with state attorneys general and we welcome a conversation with policymakers about the competitive environment in which we operate.” Will Castleberry, the company’s vice president of state and local policy, said in a statement at the time.

READ ALSO:   Facebook Spends $22.6m On Mark Zuckerberg’s Security

The state investigation comes in addition to two other antitrust probes of the tech giant led by the Justice Department and the Federal Trade Commission.

Subscribe to Our VIP Newsletter

Previous articleDearth Of Creative Players Crippling Nigerian Football System
Next articleNorthern Ireland Churches Reject Legalisation of Same-Sex Marriage, Abortion
Avatar

The New Diplomat stands for ethical journalism, press freedom, accountable republic, and gender-equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally. From our insightful reports of political issues to our riveting investigations and analyses of business, socio-economic, and cross-cutting sectors, The New Diplomat remains ever committed to investigative reporting and ethical journalism. Support and partner with The New Diplomat today, to guarantee a positive future for all under an atmosphere of free press!

LEAVE A REPLY

Please enter your comment!
Please enter your name here