Antitrust charges against FB may be brought in Nov. in US - report

Saturday, 24. October 2020 04:35

State and federal antitrust charges against Facebook Inc. in the United States may be filed in November, the Washington Post reported, citing four unnamed sources with knowledge of the matter.

The exact date is subject to change, the insiders warned but noted that the preparation of the legal process by the state attorneys general has entered its last phase. Their investigations have been focused on the social media company's practice of acquiring competitors only to eliminate them later, according to the report.

The US Federal Trade Commission's (FTC) preparation of an antitrust investigation into Facebook is reportedly in its final stages as well.

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Breaking the News / MS