The Federal Trade Commission issued a report examining ways to enhance cooperation between the FTC and overseas competition and consumer protection authorities in order to maximize the effectiveness of the FTC’s enforcement efforts.
The report cites expert testimony from hearings the Commission convened in March 2019, held in conjunction with the George Washington University’s Competition Law Center, which stressed the importance of obtaining and sharing information quickly and efficiently in cross-border antitrust investigations.
“I commend staff on their work to issue a report on The FTC’s Role in a Changing World,” said Acting FTC Chairwoman Rebecca Kelly Slaughter. “International cooperation on enforcement can strengthen all the agencies involved, so we must continue to prioritize the importance of working hand-in-hand with our counterparts across the globe.”
Facebook CEO Mark Zuckerberg testifies before the House Financial Services Committee in 2019. His company has been hit with twin lawsuits alleging it abused its power to crush rivals.
Twin complaints from the Federal Trade Commission and 48 attorneys general paint a portrait of a company protecting its power at all costs.
This week, the Federal Trade Commission and 48 attorneys general unveiled blockbuster lawsuits accusing Facebook of crushing competition and calling for the tech giant to be broken up.
The twin complaints together run to nearly 200 pages documenting how Facebook became so powerful and how, according to the government, it broke the law along the way.
The Wrath Of Mark : Takeaways From The Government s Case Against Facebook kasu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kasu.org Daily Mail and Mail on Sunday newspapers.
The Wrath Of Mark : 4 Takeaways From The Government s Case Against Facebook
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This week, the Federal Trade Commission and 48 attorneys general unveiled blockbuster lawsuits accusing Facebook of crushing competition and calling for the tech giant to be broken up.
The twin complaints together run to nearly 200 pages documenting how Facebook became so powerful â and how, according to the government, it broke the law along the way.
They accuse Facebook of, as the FTC puts it, suppressing, neutralizing, and deterring serious competitive threats to its own dominance in social media.
The company did so, the authorities allege, by swallowing some rivals â most notably photo-sharing app Instagram and messaging service WhatsApp â and suffocating others by cutting off valuable access to Facebook s data and systems.