Economic Liberties’ Statement on the FTC’s Amended Complaint Against Facebook
Washington, D.C. — The American Economic Liberties Project released the following statement in response to the Federal Trade Commission (“FTC”)’s decision to refile its lawsuit against Facebook for violating the core tenets of American competition law.
“The FTC’s amended complaint against Facebook meticulously documents Facebook’s extreme market power and the copy-acquire-kill strategy at the heart of its monopoly. It also sends a clear message: Under the leadership of Chair Khan, the agency will no longer be bullied by corporate titans. It will fight for the communities, small businesses, and local newspapers that have been shattered by Facebook’s toxic business model,” said Sarah Miller, Executive Director of the American Economic Liberties Project. “Now Congress must do its part by passing bright-line standards to guide judicial scrutiny of unfair methods of competition. The consumer welfare antitrust standard is a failed project. Replacing it with clear guidance is essential to ensure enforcers are able to do their job.”
See Economic Liberties’ statement on Judge Boasberg’s earlier decision in this case here.
Learn more about Economic Liberties here.
The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.