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Why are the billionaires always laughing?

Because they know the corporate media will never call bullshit on their bullshit.

For Immediate Release

Contact

Ed Mierzwinski, Senior Director of Federal Consumer Programs, edm@pirg.org, 571-228-6135
Mark Morgenstein, Director of Media Relations, markm@publicinterestnetwork.org, 678-427-1671

Press Release

U.S. PIRG Supports FTC Antitrust Case vs. Facebook

Federal Trade Commission files amended complaint.
WASHINGTON -

In one of the highest-profile Federal Trade Commission actions since new Chairperson Lina Khan took office, the watchdog agency has filed a new antitrust complaint against the social media giant Facebook. According to an FTC news release, the agency’s amended filling contends “that Facebook is a monopolist that abused its excessive market power to eliminate threats to its dominance.” In June, a federal judge dismissed an earlier FTC complaint on the topic. 

In response, U.S. PIRG’s Senior Director for Consumer Programs Ed Mierzwinski released the following statement:

“The FTC’s newly-amended antitrust complaint alleges that Facebook’s growth into a social media behemoth was aided by an “illegal-buy-or-bury scheme” implemented after its “failed attempts” at innovation. Fortunately, while Facebook could buy or bury competitors, it can neither buy nor bury the revitalized FTC under new Chairperson Lina Khan. 

“Yes, Congress still needs to give our antitrust enforcers better tools, but it’s clear that this FTC will fight to protect consumers and competitors with the tools it has.”

###

U.S. PIRG, the federation of state Public Interest Research Groups (PIRGs), stands up to powerful special interests on behalf of the American public, working to win concrete results for our health and our well-being. With a strong network of researchers, advocates, organizers and students in state capitols across the country, we take on the special interests on issues, such as product safety,political corruption, prescription drugs and voting rights,where these interests stand in the way of reform and progress.

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