The FTC filed again an antitrust complaint against Facebook


The Federal Trade Commission filed a new antitrust complaint against Facebook on Thursday. The new complaint is longer than the original, clocking in at 80 pages compared with 53. The new complaint seems to address some of the judge’s criticisms of the initial complaint. The FTC also seemed to try to provide more evidence to back its claim of Facebook’s dominance in the relevant market. The social network “resorted to an illegal buy-or-bury scheme to maintain its dominance,” the regulator said. It accused Facebook of buying up-and-coming rivals Instagram and WhatsApp to protect its dominance. “After failing to compete with new innovators, Facebook illegally bought or buried them when their popularity became an existential threat,” said Holly Vedova, the acting director of the FTC’s bureau of competition.”No other personal social networking provider in the United States remotely approaches Facebook’s scale,” the suit said. Facebook have until October 4 to respond.


Facebook shares were slightly positive Thursday afternoon. “The FTC’s claims are an effort to rewrite antitrust laws and upend settled expectations of merger review, declaring to the business community that no sale is ever final,” the company said. Facebook asks for removal of FTC Chair Khan from antitrust cases against it. On Thursday, the FTC made it clear Khan will not recuse herself from the case.