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Charlotte, NC — US regulators Thursday refiled a lawsuit accusing Facebook of maintaining an illegal monopoly in social networking, two months after the case was dismissed by a judge.
In the amended complaint, the Federal Trade Commission said Facebook’s dominance “is protected by high barriers to entry,” and that “even an entrant with a superior product cannot succeed against the overwhelming network effects enjoyed by an incumbent personal social network.”The lawsuit filed in federal court in the US capital said Facebook used “anticompetitive acquisitions” to protect its dominance including of the image-centric social platform Instagram and the […]
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