The US Federal Trade Commission has refiled its antitrust complaint against Facebook, doubling down on its accusations that the social media group maintains monopoly power and uses a “buy or bury” strategy to neutralise competitors.
Initially filed in December, the original lawsuit accused Facebook of conducting a “years-long course of anti-competitive conduct”, seeking to force the social media company to unwind its acquisitions of Instagram and WhatsApp, made in 2012 and 2014 for $1bn and $19bn, respectively.
However, a federal judge dismissed the complaint in June in a blow to the agency, arguing that it had “failed to plead enough facts to plausibly establish” that Facebook had monopoly power over the social network market.
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