Facebook Probe Into Alleged Antitrust Violations Widens With 47 State Attorneys General Now Investigating
A New York-led probe into Facebooks alleged antitrust violations has widened with 47 state attorneys..
A New York-led probe into Facebooks alleged antitrust violations has widened with 47 state attorneys general now investigating the social media giant, New York Attorney General Letitia James announced in a statement this week.
Jamess Oct. 22 announcement came after she confirmed early September she was leading a separate, bipartisan coalition of attorneys general in eight states as part of a review into antitrust issues with Facebook.
The probe will look into allegations that the social media company put consumer data at risk and pushed up advertising rates.
“After continued bipartisan conversations with attorneys general from around the country, today I am announcing that we have vastly expanded the list of states, districts, and territories investigating Facebook for potential antitrust violations,” James announced Tuesday.
James said all 47 attorneys general are “concerned” that “Facebook may have put consumer data at risk, reduced the quality of consumers choices, and increased the price of advertising.”
Attorneys general joining the inquiry now include those from Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio, Tennessee, and the District of Columbia, according to a press release.
James added her office will “use every investigative tool at our disposal to determine whether Facebooks actions stifled competition and put users at risk.”
The update to the state inquiry comes as Facebooks CEO and co-founder, Mark Zuckerberg, is scheduled to testify in Congress on Oct. 23 to face questions about his companys massive market power, privacy lapses, and tolerance of speech deemed false or hateful.
Zuckerberg will testify at a hearing before the House Financial Services Committee about Facebooks plan to create a global digital currency, named Libra, which has stirred opposition from lawmakers and regulators in the United States and Europe over its potential impact on finances.
He may also face scrutiny from lawmakers over the issue of protecting consumers personal information, and about whether the company harmed competition. Its the Facebook chiefs first testimony to Congress since April 2018.
The tech giant also faces probes by the Federal Trade Commission, the U.S. Department of Justice, and the House of Representatives Judiciary Committee.
In July, Facebook was fined a record $5 billion by federal regulators for its violation of an order linked to the privacy of consumers personal information.
Google has also come under intense scrutiny over its “dominance in the telecommunications and search engine industries,” and was hit by an antitrust probe led by Texas Attorney General Ken Paxton last month.
New York-based corporate attorney Manny Alicandro told The Epoch Times in September that the recent probes are “groundbreaking” in their nature and scope.
“This is historic scrutiny, because its bipartisan,” he said. “Theres a lot at stake in terms of how much these entities—these big tech companies—control and how they disseminate information. Fundamentally, this is about control and information.”
The timing of the new probes is interesting, Alicandro said. The vocal and online pressure from President DonRead More – Source