Communication, Financials Dec 02, 2021 07:28 AM (GMT+8) · EqualOcean
Facebook on Wednesday asked a U.S. court to dismiss the antitrust lawsuit filed by the Federal Trade Commission (FTC) and not allow the FTC to file another lawsuit. In the lawsuit, FTC urged the court to ask Facebook to sell two subsidiaries. Facebook argued in the complaint that FTC's claim that the company has the market influence to push up the market price of social networks "is not supported by seemingly credible facts". Facebook also said that FTC failed to "reasonably prove" that Facebook had taken illegal actions to protect its monopoly position.