The FTC and state attorneys general are reportedly aiming up to 4 new antitrust lawsuits at Facebook and Google as talk of regulation continues to heat up

Posted On: Nov 30, 2020   |   Posted By: Business Insider

The FTC and state attorneys general are reportedly aiming up to 4 new antitrust lawsuits at Facebook and Google as talk of regulation continues to heat up

Summary List Placement Federal and state officials are gearing up to slap Facebook and Google with up to four new antitrust lawsuits by the end of January 2021, according to a Monday report from The Wall Street Journal.
The lawsuits are intended to determine if the internet giants improperly used their power in the online marketplace, per the report, and will be launched by the Federal Trade Commission, state attorneys general, and other authorities.
50 state attorneys general led by Ken Paxton of Texas teamed up in 2019 to launch an investigation, not a lawsuit, into Google over anticompetitive practices in its ad business. Some of those attorneys general teamed up with the US Department of Justice in an October lawsuit against the firm. Others are gearing up to launch more cases in the coming weeks, including one coalition led by Paxton that could be filed in mid-December, according to the WSJ.
The FTC is ready to approve a lawsuit against Facebook in the coming days, per the report, over the company's...

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