The Federal Trade Commission is gearing up to file a possible antitrust lawsuit against Facebook Inc. FB 2.36% by year-end, according to people familiar with the matter, in a case that would challenge the company’s dominant position in social media.
The case preparations come after the FTC has spent more than a year investigating concerns that Facebook has been using its powerful market position to stifle competition,
No final decision has been made on whether to sue Facebook, people familiar with the matter said, and the commission doesn’t always bring cases even when it is making preparations to do so, such as when it decided against filing an antitrust complaint against Google Inc. in 2013 after a lengthy investigation.
With this and Kim Kardashian-led celeb "boycott" (quotes because it's only for one day, and most people don't post everyday anyway), expect a good opportunity to buy the dip on Facebook in the next couple days.
Submitted September 15, 2020 at 08:00PM by visvya https://ift.tt/2H5QRVV
