Washington: Top US lawmakers welcomed the two antitrust prosecutions against Facebook, saying the social media site’s accountability was “long overdue”. The lawsuits alleged that Facebook misused its hegemony in the digital market and was involved in anti-competitive actions. However, the Information Technology and Innovation Foundation (ITIF) said that the lawsuits filed on Wednesday by the Federal Trade Commission (FTC) and 48 states pose a threat to both US competition and consumers.
Jerrold Nadler, chairman of the House Judiciary Committee, said, “It seems that instead of competing with Instagram (Instagram) and WhatsApp, Facebook bought them to expand their dominance.” took.” He said, “Facebook illegally retained its monopoly, which led to other improper actions. Firstly, this was not supposed to happen and his accountability was pending for a long time. ”
Joe Negusay, vice president and MP for the Judicial Subcommittee of the House of Representatives on antitrust, commercial and administrative law, said the subcommittee’s investigation into the digital market has found evidence that Facebook has tried to counter its rivals to maintain their monopoly on social networking. Used their power in the market to acquire, mimic or destroy them. President of the House of Representatives’ antitrust cases subcommittee, David N. Cicilline, said that Facebook harmed people’s privacy and allowed the dissemination of misinformation to develop its platform and these lawsuits would end Facebook’s monopoly. Is a big step in
Senators Mike Lee, Richard Blumenthal, Indian-American MP Pramila Jaipal and Senator Mark Warner also welcomed these cases. Meanwhile, ITIF President Robert Atkinson said the lawsuits are a “threat to both American competition and American consumers”.
