New York State Attorney Letitia James
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New York State Attorney General Letitia James announced Tuesday that 47 attorneys general from states and US territories are planning to participate in a New York-led antitrust probe into Facebook. Shares of Facebook fell by 2.8% on the news.
The multistate investigation was announced in September with the participation of seven other states, but it has since expanded to almost the entire country. The probe will reset whether Facebook violated any state or federal laws as a result of any anti-competitive behavior related to its dominance of social media.
"After continuing bipartisan talks with attorneys general from across the country, I am announcing today that we have tremendously expanded the list of states, districts and territories investigating Facebook for potential antitrust violations," James said in a statement. "Our investigation now has support from 47 lawyers in general from across the country, all of whom are concerned that Facebook may have endangered consumer data, reduced the quality of consumer choices and increased the cost of advertising. As we continue our investigation, we will use every survey tool available to determine whether Facebook's actions stifled competition and put users at risk. "
Facebook and its rivals, including Google , Amazon, and Apple, also face a separate probe from the U.S. Department of Justice, which opened in July, seeking to examine the practices of online platforms that dominate Internet search, social media, and retail services, especially if the companies have
originally led the probe including Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio, Tennessee and the District of Columbia.
As a member of them, attorneys from Arizona, Arkansas, Connecticut, Delaware, Idaho, Illinois, Indiana, Kansas, Kentucky , Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Dakota, Ok lahoma, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Virginia, Wisconsin, Wyoming and Guam. James said that six other states cannot confirm their involvement in the investigation.
Correction: This story has been updated to reflect 47 attorneys general from US states and territories involved in antitrust probe on Facebook.