The FTC (Federal Trade Commission) made a statement on Thursday that Facebook will still face the charges of Antitrust Lawsuit against them for its so-called application of social media. Yes, Facebook is still in the mud for that case. It is one of the first vital cases that is derived from the agency’s newly hired chair, Liza Khan.
We all should know what antitrust is. Antitrust is a law that holds equal grounds for all no matter what big or small. It promotes a fair market for all the shareholders or the company sponsors. The law helps you to diminish all those who are wrongdoing with their business and especially if there is competition and they are competing.
Facebook has received a lot of backlashes due to the Antitrust Law. The Antitrust law is responsible for dealing with ventures, related to contracts and purchases, of the social media company. The apps it includes that have privacy issues are WhatsApp and Instagram, it was visited by the EU prosecutors, not only the regulators of the country.
Earlier in today’s update, the FTC made a new statement regarding Facebook’s Antitrust lawsuit that is now a repeated complaint against the company. That means the case going on Facebook is not over yet. Facebook still has to deal with it and would continue to proceed with it.
The company of Facebook has three most frequently used applications that it manages, these apps are Instagram, Messenger, and WhatsApp. These apps are used in the whole world on a large scale.
The WhatsApp and Instagram possession was controversial, as it appeared that Facebook has the hold to get its hands on massive competitions. The alter complaint would reconsider the earlier antitrust cases of Facebook, and pick up their mistake from where they left it. The center of attention would still be social media the strategy that Facebook practiced with its appearance in the market.
