December 09, 2020

Antitrust Vice Chair Joe Neguse Applauds FTC and State AG Antitrust Lawsuits Against Facebook

Washington D.C.— Today, Congressman Joe Neguse, Vice Chair of the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law, issued the following statement in response to the State Attorneys General and the Federal Trade Commission announcing antitrust lawsuits against Facebook:

“The Antitrust Subcommittee’s investigation of digital markets uncovered wide-ranging evidence that Facebook used its market power to acquire, clone, or eliminate its competitive threats in order to maintain its monopoly in social networking. It’s purchase of Instagram and WhatsApp have allowed Facebook to own the top four most downloaded apps of the last decade. Left unchecked, Facebook’s monopoly will remain harmful to consumers, innovation and our democracy. Today’s antitrust lawsuits against Facebook is a welcome step to ensuring we have robust competition in the digital marketplace, and it is long overdue.”