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Facebook on antitrust lawsuits from the US authorities: this is a history revision and laws should work differently
Facebook has responded to antitrust lawsuits drafted and filed by the US Federal Trade Commission (FTC) and attorneys general of more than 40 states. In a statement, Facebook called the lawsuits “history revision” and also noted “the wrong work of antitrust laws.”.
“The lawsuits filed by the FTC and state attorneys general are a revision of history,” the company said. As a reminder, within the framework of the new litigation, the activities of Facebook related to the purchase of the social network Instagram and the messaging service WhatsApp will be considered.
According to US authorities, these deals allowed Facebook to dominate the social media segment. The tech giant disagrees, pointing out that the FTC conducted an in-depth review of the Instagram purchase in 2021 and found no irregularities. As for WhatsApp, this acquisition and its possible consequences were studied by the European Commission in 2021, which also did not identify any violations that could be recognized as anti-competitive behavior.
“Now, many years later, seemingly oblivious to the established law or the implications for innovation and investment, the FTC claims to have made a mistake and is demanding that it be corrected. In addition to being a revision of history, antitrust laws need to work in a different way. No American antitrust authority has ever filed such a case before, and for good reason. The FTC and the states have stood on the sidelines for years, and Facebook has invested billions of dollars and millions of hours to make Instagram and WhatsApp the apps that are popular with users today, ”Facebook said in a statement.
Recall that Facebook acquired the social network Instagram for $ 1 billion in 2021, and the purchase of the WhatsApp messenger in 2021 cost $ 19 billion. Current Antitrust Lawsuits May Cause Court To Force Facebook To Sell Instagram And WhatsApp.