{"id":2540,"date":"2021-12-04T07:59:08","date_gmt":"2021-12-04T06:59:08","guid":{"rendered":"https:\/\/monblogeur.tech\/index.php\/2021\/12\/04\/facebook-says-the-ftcs-claims-that-its-a-monopoly-are-mere-speculation-yahoo-money\/"},"modified":"2021-12-04T07:59:08","modified_gmt":"2021-12-04T06:59:08","slug":"facebook-says-the-ftcs-claims-that-its-a-monopoly-are-mere-speculation-yahoo-money","status":"publish","type":"post","link":"https:\/\/monblogeur.tech\/index.php\/2021\/12\/04\/facebook-says-the-ftcs-claims-that-its-a-monopoly-are-mere-speculation-yahoo-money\/","title":{"rendered":"Facebook says the FTC&#039;s claims that it&#039;s a monopoly are mere &#039;speculation&#039; &#8211; Yahoo Money"},"content":{"rendered":"<div class=\"cfbc967f0983488262956e73eca9483a\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3859091246952232\" crossorigin=\"anonymous\"><\/script>\r\n<!-- blok -->\r\n<ins class=\"adsbygoogle\" data-ad-client=\"ca-pub-3859091246952232\" data-ad-slot=\"1334354390\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n\n<\/div>\n<p>In a new federal court filing, Meta Platform\u2019s (<a href=\"https:\/\/finance.yahoo.com\/quote\/FB\/?fr=sycsrp_catchall\" data-ylk=\"slk:FB\" class=\"link rapid-noclick-resp\">FB<\/a>) Facebook is holding fast on its position that its social media company is no monopolist. For that reason, the company argues, the <a href=\"https:\/\/www.ftc.gov\/\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:U.S. Federal Trade Commission\" class=\"link rapid-noclick-resp\">U.S. Federal Trade Commission<\/a> shouldn\u2019t be allowed to go forward with an antitrust lawsuit against it.<br \/>\u201c[R]ather than plead facts that could show monopoly power, [FTC] relies on inapposite statistics and admitted assumptions to dress up conclusory speculation,\u201d Facebook said in its reply brief filed Wednesday in support of its position that the agency failed to craft a viable lawsuit.<br \/><a href=\"https:\/\/finance.yahoo.com\/ftc-hits-facebook-with-second-attempt-at-antitrust-suit-164718900.html\" data-ylk=\"slk:The FTC&#39;s lawsuit accuses Facebook;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link rapid-noclick-resp yahoo-link\">The FTC&#39;s lawsuit accuses Facebook<\/a> of engaging in an illegal &quot;buy or bury&quot; scheme by snapping up competitors like Instagram and WhatsApp in order to eliminate its competition.<br \/>At the heart of Facebook&#39;s argument for dismissing the case is its assertion that the company lacks dominant market share in the markets alleged by the FTC: &quot;personal social networking&quot; or &quot;personal social networking services (PSNS).\u201d The company also said the FTC failed to show Facebook used acquisitions of Instagram and WhatsApp to exclude competitors and harm consumers, and that the <a href=\"https:\/\/www.ftc.gov\/news-events\/press-releases\/2021\/08\/ftc-alleges-facebook-resorted-illegal-buy-or-bury-scheme-crush\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:FTC\u2019s vote to authorize\" class=\"link rapid-noclick-resp\">FTC\u2019s vote to authorize<\/a> an amended complaint after an initial one was thrown out was invalid.<br \/>\u201cThe FTC still has not identified a single commercial actor, anywhere, that recognizes a PSNS market as defined, much less tracks PSNS usage in a way that might permit assessment of market shares,\u201d the filing states. Additionally, the company goes on to say, \u201cno plausible factual support exists\u201d for the agency\u2019s claim that it has power to raise prices or restrict output in the purported market.<br \/>Judge James E. Boasberg, a federal judge in Washington, D.C., <a href=\"https:\/\/finance.yahoo.com\/facebook-wins-dismissal-of-ft-cs-antitrust-case-for-now-194008257.html\" data-ylk=\"slk:tossed the FTC&#39;s initial complaint;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link rapid-noclick-resp yahoo-link\">tossed the FTC&#39;s initial complaint<\/a> in June after concluding the agency fell short of defining Facebook as a monopolist; however, the judge allowed the agency to file an amended lawsuit.<br \/>In its revised claims, the FTC argues that the social media giant stands in a special class of social networking services, apart from the likes of TikTok and Twitter. Those other services do not compete directly with Facebook, the FTC argues. It also points to <a href=\"https:\/\/www.comscore.com\/\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:Comscore\" class=\"link rapid-noclick-resp\">Comscore<\/a> data that tracks the overall time users spend online as a way to support that Facebook holds a monopoly in the Personal Social Networking Services market.<br \/>However, Facebook responded: \u201cThe Comscore data do not even purport to measure PSNS and thus do not qualify as \u2018underlying facts that might substantiate\u2019 the FTC\u2019s assertion.&quot;<br \/>According to the FTC, Facebook used its acquisitions of WhatsApp and Instagram, which the agency\u2019s own regulators approved, to block competition that in turn, harmed consumers. The company purchased<a href=\"https:\/\/dealbook.nytimes.com\/2012\/04\/09\/facebook-buys-instagram-for-1-billion\/\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:Instagram in 2012 for $1 billion\" class=\"link rapid-noclick-resp\"> Instagram in 2012 for $1 billion<\/a> and<a href=\"https:\/\/money.cnn.com\/2014\/02\/19\/technology\/social\/facebook-whatsapp\/\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:WhatsApp in 2014 for $19 billion\" class=\"link rapid-noclick-resp\"> WhatsApp in 2014 for $19 billion<\/a>.<br \/>\u201cUnable to maintain its monopoly by fairly competing, the company\u2019s executives addressed the existential threat by buying up new innovators that were succeeding where Facebook failed,\u201d the agency said in its amended complaint.&nbsp;<br \/>In response, Facebook doubled down on its position that because its services are free, the FTC fell short of showing that the services would be less expensive with more competition, or that output would have been greater, but for the alleged illegal monopolistic behavior.<br \/>Facebook also raised concerns that FTC Chair Lina Khan should have been recused from voting on the agency\u2019s decision to authorize the amended complaint. It characterized the <a href=\"https:\/\/www.ftc.gov\/news-events\/press-releases\/2021\/08\/ftc-alleges-facebook-resorted-illegal-buy-or-bury-scheme-crush\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:3-2 vote\" class=\"link rapid-noclick-resp\">3-2 vote<\/a> as \u201ctainted\u201d and \u201cinvalid.\u201d<br \/><em>Alexis Keenan is a legal reporter for Yahoo Finance. Follow Alexis on Twitter <\/em><a href=\"https:\/\/twitter.com\/alexiskweed\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:@alexiskweed\" class=\"link rapid-noclick-resp\"><em>@alexiskweed<\/em><\/a><em>.<\/em><br \/><strong><em>Follow Yahoo Finance on <\/em><\/strong><a href=\"https:\/\/twitter.com\/YahooFinance\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:Twitter\" class=\"link rapid-noclick-resp\"><strong><em>Twitter<\/em><\/strong><\/a><strong><em>, <\/em><\/strong><a href=\"https:\/\/www.facebook.com\/yahoofinance\/\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:Facebook\" class=\"link rapid-noclick-resp\"><strong><em>Facebook<\/em><\/strong><\/a><strong><em>, <\/em><\/strong><a href=\"https:\/\/www.instagram.com\/yahoofinance\/?hl=en\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:Instagram\" class=\"link rapid-noclick-resp\"><strong><em>Instagram<\/em><\/strong><\/a><strong><em>, <\/em><\/strong><a href=\"https:\/\/flipboard.com\/topic\/yahoofinance\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:Flipboard\" class=\"link rapid-noclick-resp\"><strong><em>Flipboard<\/em><\/strong><\/a><strong><em>, <\/em><\/strong><a href=\"https:\/\/b.smartnews.be\/sr\/22KpZt3f1a6FAmNimBiSnzqADfTE1m2w3q3o69J\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:SmartNews\" class=\"link rapid-noclick-resp\"><strong><em>SmartNews<\/em><\/strong><\/a><strong><em>, <\/em><\/strong><a href=\"https:\/\/www.linkedin.com\/company\/yahoo-finance\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:LinkedIn\" class=\"link rapid-noclick-resp\"><strong><em>LinkedIn<\/em><\/strong><\/a><strong><em>, <\/em><\/strong><a href=\"http:\/\/youtube.com\/c\/yahoofinance?sub_confirmation=1\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:YouTube\" class=\"link rapid-noclick-resp\"><strong><em>YouTube<\/em><\/strong><\/a><strong><em>, and <\/em><\/strong><a href=\"https:\/\/www.reddit.com\/user\/yahoofinance\/\" rel=\"sponsored noopener\" target=\"_blank\" data-ylk=\"slk:reddit\" class=\"link rapid-noclick-resp\"><strong><em>reddit<\/em><\/strong><\/a><strong><em>.<\/em><\/strong><br \/><a href=\"https:\/\/finance.yahoo.com\/\" data-ylk=\"slk:Find live stock market quotes and the latest business and finance news\" class=\"link rapid-noclick-resp\"><strong><em>Find live stock market quotes and the latest business and finance news<\/em><\/strong><\/a><br \/><a href=\"https:\/\/www.cashay.com\/investing\/stocks\" data-ylk=\"slk:For tutorials and information on investing and trading stocks, check out Cashay\" class=\"link rapid-noclick-resp\"><strong><em>For tutorials and information on investing and trading stocks, check out <\/em><\/strong><strong>Cashay<\/strong><\/a><br \/>Bitcoin&#x27;s long-term momentum is starting to fade, which could limit price gains this month, but some remain bullish for the short term. Rosh Singh, co-founder and CEO of crypto trading platform Quadency, discusses why he thinks bitcoin could reach $100K by the end of 2021 and what metrics he&#x27;s watching to support this prediction.<br \/>Cryptocurrency exchanges, wallet service providers, lenders and mining companies can now advertise their services on Facebook and Instagram.<br \/>MOSCOW (Reuters) -Russia&#x27;s state communications regulator Roskomnadzor has filed  cases against U.S. tech firms Google and Meta that could see fines imposed on their annual turnover in Russia, a Moscow court said on Friday.  Roskomnadzor in October threatened both Alphabet&#x27;s Google and Meta&#x27;s Facebook with fines based on a percentage of their annual turnover for a repeated failure to delete content that Moscow deems illegal.<br \/>&quot;There are too many automatic posters and not enough human posters,&quot; Eric Schmidt told Barron&#x27;s.<br \/>Facebook parent Meta Platforms Inc. attempted again to undercut the Federal Trade Commission&#x27;s antitrust lawsuit against the social media giant with its latest federal court filing Wednesday. &quot;[R]ather than plead facts that could show monopoly power, [FTC] relies on inapposite statistics and admitted assumptions to dress up conclusory speculation,&quot; Meta said in a filing. &quot;The FTC still has not identified a single commercial actor, anywhere, that recognizes a [personal social networking services]<br \/>The decision is a blow to Texas lawmakers who alleged Facebook, Twitter and Google\u2019s YouTube censor right-wing views and former President Donald Trump<br \/>A federal judge has blocked Texas from enforcing a law that aimed to block social media companies from banning users based on political views. Judge Robert Pitman issued the order Wednesday in favor of two industry associations that sued to block the Texas law. &quot;Social media platforms have a First Amendment right to moderate content disseminated on their platforms,&quot; Pitman wrote. The order underscored that social media platforms are &quot;privately&#8230;<br \/>Meta&#x27;s (formerly, Facebook&#x27;s) experimental app division, the NPE team, is shifting gears.  Over the years, the largely Menlo Park-based team launched and retired a number of experiments, ranging from dating and calling apps to meme-makers to TikTok, Twitter and Clubhouse rivals to apps for couples and more.  Now, NPE will begin testing out a new thesis: that the next big idea may come from a market outside the U.S.<br \/>OKCoin has allocated $1 million to encourage more women to enter the cryptocurrency space and has hired Randi Zuckerberg to lead the effort.<br \/>Jayda Cheaves is a flourishing social media influencer and entrepreneur who too often gets stigmatized over her dating and social life.<br \/>FOX 35&#x27;s Andrea Jackson talks to experts to help you avoid gift exchange scams on social media this holiday season.<br \/>The Federal Trade Commission announced Thursday it was suing Nvidia over its $40 billion purchase of Arm, the largest acquisition of a semiconductor chip design company.Arm, owned by Tokyo-based Softbank, produces designs and computing technology for semiconductor chips, which are used to power most tech devices, from Iphones and laptops to computer systems in most vehicles.In a statement, the FTC argued that if the California-based Nvidia -&#8230;<br \/>A federal judge has dismissed a $10 billion lawsuit brought by media executive Byron Allen\u2019s companies against McDonald\u2019s that accused the fast-food chain of racially discriminatory contracting and spending.<br \/>(Bloomberg) &#8212; As many as 4.1 million people working through food delivery and ride-hailing apps could be reclassified as employees under a forthcoming European Union plan meant to improve gig workers\u2019 labor rights.Most Read from BloombergThe Hot New Trend For Hedge Funds Is\u2014Finally\u2014Female Founders\u2018Ghost Signs\u2019 Haunt London\u2019s Reviving NeighborhoodsReliving the New York Subway Map DebateAutomating the War on Noise Pollution\u2018Pension Poachers\u2019 Are Targeting America\u2019s Elderly VeteransThe draft propo<br \/>Apple shares opened lower on Thursday over concerns of upcoming demand for its iPhone. The tech giant reportedly told suppliers pent up orders may not be as strong as expected going into the holiday season.<br \/>It can be dangerous to invest retirement-plan funds in esoteric assets without proper guidance. A husband and wife in Rhode Island have learned that lesson the hard way.<br \/>Moves by Parag Agrawal quickly follow the departure of Jack Dorsey late last month.<br \/>(Bloomberg) &#8212; Inside an expansive and noisy distribution center just east of Atlanta, Home Depot Inc. is trying to solve a problem that\u2019s plaguing its stores: large orders from pro shoppers. Most Read from BloombergReliving the New York Subway Map Debate\u2018Ghost Signs\u2019 Haunt London\u2019s Reviving NeighborhoodsAutomating the War on Noise PollutionChina Cash Flowed Through Congo Bank to Former President\u2019s Cronies\u2018Pension Poachers\u2019 Are Targeting America\u2019s Elderly VeteransContractors\u2019 needs are very diff<br \/>In 2019, PepsiCo sued some Indian farmers based in the western state of Gujarat for cultivating the FC5 potato variety, which has a lower moisture content required to make snacks such as potato chips.  Withdrawing the lawsuits the same year, the New York-based company said it wanted to settle the issue amicably.<br \/>If you were planning to do a \u201cRoth IRA\u201d conversion to keep your retirement savings permanently out of the hands of the IRS, you might want to get on it.  The new tax bill on Capitol Hill is going to scrap these conversions for everybody after the end of the year \u2014 and, no, not just for those earning more than $400,000 a year.  The bill \u201cprohibits all employee after-tax contributions in qualified plans and prohibits after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after Dec. 31, 2021,\u201d reports the House Ways &amp; Means Committee.<\/p>\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/facebook-ftc-claims-monopoly-speculation-162122355.html\">source<\/a><\/p>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>In a new federal court filing, Meta Platform\u2019s (FB) Facebook is holding fast on its position that its social media company is no monopolist. For that reason, the company argues, the U.S. Federal Trade Commission shouldn\u2019t be allowed to go forward with an antitrust lawsuit against it.\u201c[R]ather than plead facts that could show monopoly power, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow1sXXCw:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-2540","post","type-post","status-publish","format-standard","hentry","category-non-classe"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts\/2540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/comments?post=2540"}],"version-history":[{"count":0,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts\/2540\/revisions"}],"wp:attachment":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/media?parent=2540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/categories?post=2540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/tags?post=2540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}