Federal court dismisses FTC's antitrust complaint against Facebook
A district court in DC dismissed the Federal Trade Commission’s antitrust complaint against Facebook, saying the agency had failed to offer enough facts to prove Facebook has monopoly power in the social media industry. The court said the FTC could file an amended complaint with more details to bolster its case, but the judge voiced outright skepticism that Facebook is a monopoly. “It is almost as if the agency expects the Court to simply nod to the conventional wisdom that Facebook is a monopolist,” District Judge James E.