The Federal Trade Commission has renewed its bid to break up Facebook by filing an amended complaint in federal court alleging the tech giant has monopolized social media and harmed competition.
The Federal Trade Commission renewed its bid to break up Facebook on Thursday by filing an amended complaint in federal court alleging the tech giant has monopolized social media and harmed competition.
The new complaint comes nearly two months after a federal judge tossed out the original complaint, arguing that the FTC had not provided sufficient evidence that Facebook holds a monopoly in social media to warrant allowing the case to continue. Facebook could be forced to sell off GIF platform Giphy in response to UK regulatorsIn the new complaint, which is about 50% longer than the original, the FTC covers many of the same arguments.
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