Facebook Faces Fresh Antitrust Investigation

🀙Facebook is being investigated in the United States to determine if it has “stifled competition and put users at risk.”

🀚New York State Attorney General Letitia James announced the new action on behalf of a coalition of multi-state representatives.

🀛Ms. James said: “Even the world’s largest social media platform should respect the law and users.”

🀜Facebook said that when it came to be using online services, people had “multiple choices.”

🀝“We understand that people can easily leave our platform if we stop innovating, which underlines the competition we face. Not just in the United States, but around the globe,” said Will Castleberry, Facebook’s vice president of state and local policy.

🀞The probe involves state officials from Arizona, Georgia, Texas, Nebraska, North Carolina, Ohio, and Tennessee, as well as the Columbia district.

🀟Ms. James said: “We will use every investigation resource at our disposal to evaluate whether the activities of Facebook. Facebook may have jeopardized consumer data, decreased consumer choice value, or increased advertisement cost.”

🀠Twitter is already facing a special U.S. Federal Trade Commission antitrust probe.