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Facebook rules trigger bipartisan initiatives to change laws in the US

Congress officials have also called for a change in US competition laws following the failure of two major anti-Facebook initiatives.

Democrats and Republicans opposed it the decision of the trial court Monday to address one complaint by the Federal Trade Commission and another by other countries.

Several have said the ruling underscores the need to re-enact anti-discrimination laws, with six major debts Restoring the power of Big Tech negotiating on Capitol Hill.

Amy Klobuchar, chair of the Democratic Senate antitrust committee, he wrote“This ruling illustrates why our anti-piracy laws need to be amended after many bad years. We will not be able to tackle the current digital crisis with less armed and less legal entities.”

Ken Buck, Republican executive committee member at the House of Antitrust, said: “Congress should provide additional resources and support to our opponents to follow the Big Tech companies that are acting in opposition.”

Many analysts expect the FTC to drop its lawsuit against Facebook following the decision of a state judge on Monday.

Delivering the verdict, Judge James Boasberg of Washington, DC said FTC case was “legally inadequate” and the federal agency “had failed to provide sufficient reasons to prove that” Facebook had sole control over the social media market.

“[W]hate-mongering, ‘monopoly power’ is a legal skill under state law that has a real economic significance: the ability to raise prices profitably or exclude competition in a well-known market, ”he wrote.

The FTC will have 30 days to file a new complaint. The supervisor said in a statement that it was “re-enlightening ideas and exploring the best way forward”.

Boasberg also pleaded not guilty to the charges against the 46-nation group and two other territories – led by New York Attorney General Letitia James – on the grounds that any violations had occurred in the past. The New York Attorney General is reviewing the decision.

Facebook’s share price jumped by more than 4% on average long history $ 357.36, is a company worth more than $ 1tn market share for the first time.

“We are pleased that today’s election recognizes the flaws in the government’s grievances on Facebook,” the media group said, adding that Facebook “competes fairly on a daily basis to gain time and public interest.”

The verdict was the return of the directors, who in December he had criticized the company anti-competitive practices, including the practice of “buying or burying” professionally taking away competitors or cutting jobs for those who threaten their authority.

The FTC said it was currently seeking sanctions including a forced crackdown on Facebook from Instagram and WhatsApp, the 2012 and 2014 media purchases of $ 1bn and $ 19bn, respectively.

But the ruling highlights the difficulties faced by those who want to try to interpret U.S. laws that are not in line with the digital age, while members of Congress oppose laws that could make major corporate lawsuits less difficult.

Authorities have long maintained that companies are abusing their power in the market by showing how the groups have raised prices regardless of their customers.

But students like Lina Khan, a popular Big Tech critic as well new chair of the FTC, claims that companies can abuse their power in the marketplace without having to pay for it, either by defrauding it or by forcing customers to offer more.

“The power of Facebook is obvious, but we still have a judge here who explains in detail what makes the market,” said William Kovacic, former FTC chairman. “It will serve as a prime example of why we should change this law.”




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