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        <title><![CDATA[FTC reportedly preparing possible antitrust lawsuit against Facebook]]></title>
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        <link>https://usagag.com/2020/09/17/ftc-reportedly-preparing-possible-antitrust-lawsuit-against-facebook/</link>
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            <media:title type="html">FTC reportedly preparing possible antitrust lawsuit against Facebook</media:title>
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        <content:encoded><![CDATA[<p>Facebook&#8217;s dominance in the social networking space has reportedly put it in the Federal Trade Commission&#8217;s crosshairs.</p><p>The tech giant could be hit by an antitrust lawsuit as soon as the end of this year, the <strong>Wall Street Journal</strong> reports, as the regulator examines whether Facebook has used its market dominance to quash competition.</p><p>The FTC has been investigating concerns about Facebook&#8217;s dominance for &#8220;more than a year,&#8221; and staffers have already taken testimony from Facebook CEO Mark Zuckerberg. It has not yet made a decision on whether or not it will sue Facebook, and details of how the FTC would go about it were also not available.</p><p>Any lawsuit against Facebook would require a majority vote from the FTC&#8217;s five-person commission, which is currently comprised of two Democrats and three Republicans.</p><p>It&#8217;s not Facebook&#8217;s first run-in with the FTC. The Menlo Park, Calif.-based company was hit with a <strong>record-shattering $5 billion fine</strong> last year following the FTC&#8217;s probe into Facebook&#8217;s 2014 promise to stop allowing third-party developers to access data from the &#8220;friends&#8221; of app users.</p><p>Instead, FTC says, Facebook “grandfathered” developers already on the platform, including British consulting firm Cambridge Analytica, known for using a personality test to better target voters with ads ahead of the 2016 presidential election.</p><p>A representative for Facebook did not immediately respond to a request for comment.</p>]]></content:encoded>
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