US may file antitrust charges against Facebook as soon as November

US may file antitrust charges against Facebook as soon as November

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The Washington Post quoted four people familiar with the matter on Friday and reported that Facebook Inc. FB.O may face US antitrust charges as soon as November.

According to the New York Times, the Federal Trade Commission met in private on Thursday to discuss an investigation, and the state attorney general under Letitia James in New York has been examining the company for potential competitive threats. .

The paper said that the timetable may still be changed, adding that the state attorney general is in an advanced stage of preparing the appeal.

Late Friday, Facebook, FTC and the New York Attorney General’s Office did not immediately comment.

Facebook said in August that CEO Mark Zuckerberg was under an antitrust investigation by the government during an investigative hearing by the US Federal Trade Commission (FTC).

Facebook faces similar investigations by the Department of Justice and the State Attorney General, and said that the previous investigations involved previous acquisitions and business 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 $5 billion fine to settle another FTC investigation into the company’s privacy practices.

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