Facebook confirms new FTC antitrust investigation after posting strong earnings

Illustration by James Bareham / The Verge

Facebook’s business continues to grow, largely unimpeded by the various privacy settlements, corporate scandals, and regulatory concerns over its handling of user data and other reckless practices. Yet the company announced today, as part of its second quarter earnings announcement, that the Federal Trade Commission is now officially investigating it for potential violations of US antitrust law.

“The online technology industry and our company have received increased regulatory scrutiny in the past quarter. In June 2019, we were informed by the FTC that it had opened an antitrust investigation of our company,” reads the company’s earnings release. “In addition, in July 2019, the Department of Justice announced that it will begin an…

Continue reading…

from The Verge – All Posts https://ift.tt/2Y2PZZY
via IFTTT

Check out the Finding Your Identity Podcast!

Tags: , ,