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Home / Business / Facebook says F.T.C. Has opened formal antitrust investigation

Facebook says F.T.C. Has opened formal antitrust investigation



SAN FRANCISCO – Facebook revealed Wednesday that it was the goal of an antitrust investigation by the Federal Trade Commission, just hours after the agency unveiled a privacy settlement with the company, and stressed the steady flow of measures regulators are taking to limit the power of America's technology giants.

The company revealed the investigation in its quarterly income statement and said the FTC had informed the last month of the move. While F.T.C. was known to look at Facebook, and if it had used the range and efforts to reduce competition, an antitrust investigation starts a more formal and intensive phase of the survey.

Earlier Wednesday, F.T.C. lay out how it penalized Facebook for privacy violations. In that deal, Facebook was fined $ 5 billion to trick users into their ability to control the privacy of their personal information. The company was also ordered to create new teams with supervision and new practices for collecting and managing user data. But the settlement, which did not limit Facebook's collection, sharing and use of personal information, was criticized by lawmakers not to go far enough to limit their data retrieval practices.

However, twin developments highlighted the new reality for large technology companies: Supervision by regulators and legislators has become a constant.

FTC's long privacy survey on Facebook might have brought forward evidence that helped persuade the agency to continue an antitrust investigation, said Mr. Gavil, a former senior FTC official.

Surveys may take months or even They result in staff presentations, by the agency's financial agency and by the competition agency, made private to the five commissioners. The politically appointed commissioners then decide whether to bring a case or not, or try to reach a settlement.

Unlike the privacy case, there is no provision for fines in a civil antitrust case. But what can happen, if a business appeal is found to have broken the country's antitrust law, is follow-up cases from private plaintiffs like other companies.

Currently, the authorities' activity has done little to push Facebook's business. The company said Wednesday that revenue for the second quarter increased 28 percent from a year ago to $ 16.9 billion. The surplus fell 49 percent to $ 2.6 billion as Facebook took a one-time $ 2 billion fee to pay the FTC's fines and recorded an accounting expense related to tax credits, but without them, the company still outperformed Wall Street's expectations. [19659002] This is an evolving story and will be updated.


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