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Daily Dashboard | FTC files amended antitrust complaint against Facebook Related reading: Notes from the Asia-Pacific region, 7 Dec. 2023




The U.S. Federal Trade Commission filed an amended complaint against Facebook in its ongoing antitrust case. The FTC alleges Facebook undertook a "buy-or-bury" scheme where it illegally acquired competitors with mobile features to compensate for its own insufficient offerings. Absent of competition, the FTC said, "Facebook has been able to hone a surveillance-based advertising model and impose ever-increasing burdens on its users." FTC Bureau of Competition Acting Director Holly Vedova added, "Facebook’s actions have suppressed innovation and product quality improvements. And they have degraded the social network experience, subjecting users to lower levels of privacy and data protections and more intrusive ads." The FTC voted 3-2 to file the amended complaint, with Commissioner Christine Wilson issuing a dissenting statement. Facebook said on Twitter it has reviewed the complaint and will issue a statement soon.
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