Month: August 2021
FTC Alleges Facebook Resorted to Illegal Buy-or-Bury Scheme to Crush Competition
By Richard B. Newman |
On August 19, 2021, the Federal Trade Commission filed an amended complaint against Facebook in the agency’s ongoing federal antitrust case. The complaint alleges that after repeated failed attempts to develop innovative mobile features for its network, Facebook instead resorted to an illegal buy-or-bury scheme to maintain its dominance. According to the FTC, Facebook unlawfully acquired innovative…