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Elizabeth Nolan Brown | 1.12.2022 9:35 AM
The federal government's monopoly lawsuit against Facebook is back. The past few years have made it abundantly clear that the feds have it out for Facebook, what with the plethora of congressional hearings about the social media giant's practices and an antitrust lawsuit against it filed in December 2020. The lawsuit, from the Federal Trade Commission (FTC), alleged Facebook was an illegal monopoly and argued for its forced breakup.
It came to a somewhat embarrassing pass last summer, when the U.S. District Court for the District of Columbia ruled that the FTC had failed to actually show that Facebook was a monopoly. "The FTC has failed to plead enough facts to plausibly establish … that Facebook has monopoly power in the market for Personal Social Networking (PSN) Services," Judge James E. Boasberg wrote in a June 2021 opinion.
He granted Facebook's motion to dismiss—but left room for the FTC to try again with an amended complaint. The agency did so, and Facebook once again asked for it to be dismissed.
The FTC's amended complaint contained "significant additions and revisions aimed at addressing the shortcomings identified in the Court's prior Opinion," writes Boasberg in his new memorandum opinion. "The core theory of the lawsuit remains essentially unchanged" but "the facts alleged this time around to fortify those theories, however, are far more robust and detailed than before, particularly in regard to the contours of Defendant's alleged monopoly."
What does Klobuchar's bill do? Under the guise of "helping small business" her bill bans Apple, Amazon, Facebook, Google, Microsoft and bans them from "favoring their own services" – essentially turning them into dumb platformshttps://t.co/92PUXHpib7
— Adam Kovacevich (@adamkovac) January 11, 2022
.@SenTedCruz: "Did any FBI agents or confidential informants actively participate in the events of January 6th? Yes or no?"
FBI's Jill Sanborn: "I can't answer that." pic.twitter.com/Z5Sj1tSyNx
— CSPAN (@cspan) January 11, 2022
The unemployment rate (3.9%) is almost back to pre-pandemic levels, but most people sense something is "off" about that. They're right. The labor participation rate is down 4x as much as the unemployment rate. Many people left the job market and are no longer searching for work. pic.twitter.com/FOJqhIbQcZ
— Jared Walczak (@JaredWalczak) January 10, 2022
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