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Home Technology Facebook May See US Antitrust Charges as Soon as November: Report

Facebook May See US Antitrust Charges as Soon as November: Report

Facebook could face US anti-trust fees as quickly as November, the Washington Post reported on Friday, citing 4 folks aware of the matter.

The Federal Trade Commission met privately on Thursday to debate a probe whereas state attorneys normal underneath the management of New York’s Letitia James have been scrutinizing the corporate for potential threats to competitors, the newspaper reported.

The timeline might nonetheless change, the newspaper mentioned, including that state attorneys normal are within the late levels of making ready their grievance.

Facebook, the FTC and the workplace of the New York Attorney General weren’t instantly obtainable for remark late on Friday.

Facebook mentioned in August that Chief Executive Mark Zuckerberg was interviewed at an FTC investigative listening to as a part of the federal government’s antitrust probe into the corporate.

Facebook confronted related probes by the Justice Department and by state attorneys normal, and has mentioned beforehand the investigations have been prior acquisitions and enterprise practices involving “social networking or social media services, digital advertising, and/or mobile or online applications.”

In July 2019, Facebook agreed to pay a record-breaking $5 billion (roughly Rs. 36,917 crores) nice to resolve a separate FTC probe into the corporate’s privateness practices.

© Thomson Reuters 2020


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