House Financial Services Committee member Rep. Alexandria Ocasio-Cortez (D-NY) questions Facebook co-founder and CEO Mark Zuckerberg with Rep. Jennifer Wexton (D-VA) during a hearing in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. (Chip Somodevilla/Getty Images)
Louisiana Attorney General Jeff Landry joined with 48 other state attorneys general Wednesday in an anti-trust lawsuit against Facebook, alleging the company has continuously destroyed or bought out competitors to maintain a monopoly in the social media sphere.
The lawsuit accuses Facebook of illegally acquiring competitors, such as Instagram and What’s App in a predatory manner and revoking its services to smaller threats it views as competition in an effort to boost its bottom line. The social media giant’s actions have deprived users from the benefits of competition and reduced privacy protections and services along the way, according to a press release from Landry’s office.
“Facebook has thwarted competition and reduced consumer privacy to increase their profits,” Landry said. “This big tech giant has leveraged their monopolist power to extract more lucrative advertising fees while consistency [sic] undermining and abusing user trust.”
The multi-state coalition is asking the court to restrain Facebook from making further acquisitions valued at or more than $10 million without advance notice to the state of New York and other plaintiff states and to provide any additional appropriate relief, including the restructuring of “illegally” acquired companies, other current Facebook assets or business lines, according to the release.
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