Facebook has finally responded to a December antitrust suit by the Federal Trade Commission (and nearly four dozen states) – asking a federal judge to dismiss it.In a filing in U.S.
District Court in Washington, D.C., the social media giant called the suit baseless.The FTC “utterly ignores the reality of the dynamic, intensely competitive high-tech industry in which Facebook operates,” it said.
The states’ case “does not and cannot assert that their citizens paid higher prices, that output was reduced, or that any objective measure of quality declined as a result of Facebook’s challenged actions.”The suit accuses Facebook of seeking to preserve its dominance by squeezing out and buying up smaller rivals – like Instagram and WhatsApp.
Read more on deadline.com
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