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For Immediate Release

Contact

Stella Roque at Open Markets Institute, roque@openmarketsinstitute.org or 240-288-9336

Press Release

Open Markets Commends State Attorneys General for Launching Bipartisan Antitrust Investigation Into Facebook

WASHINGTON -

The following is a statement from Sarah Miller, Deputy Director of the Open Markets Institute, in response to the New York State Attorney General Letitia James' announcement of a new investigation into Facebook:

This morning's announcement is a major step forward in the broadening effort on the part of our democratic institutions to address Facebook's monopoly power. The bipartisan coalition of state attorneys general, led by NY AG Letitia James, is following in the footsteps of the historic investigation into Microsoft, which also began with leadership from the states. This investigation will also serve to put further pressure on federal enforcers, who have a track record of inaction, to protect consumers, competitors, and our democracy from the range of dangers that Facebook's extraordinary power presents.

For more information:

FTC’s $5 Billion Facebook Fine “Woefully Insufficient”; The Rule of Law Is In the Hands of State Attorneys General like D.C.’s Karl A. Racine

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The Open Markets Institute works to address threats to our democracy, individual liberties, and our national security from today’s unprecedented levels of corporate concentration and monopoly power. By combining policy, legal, and market structure expertise with sophisticated communications and outreach efforts, Open Markets seeks not only to hold today’s monopolies accountable for abuse of power, but to rebuild an economic system where progress is easier to achieve, because power is far more widely and equitably distributed

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