Facebook Asks Judge to Dismiss FTC Antitrust Charges for a Second TimeThe Federal Trade Commission seeks to force the social networking company to sell both Instagram and WhatsApp.

ByEntrepreneur Staff

Anadolu Agency | Getty Images

Once again, Facebook has asked a federal judge to dimiss the Federal Trade Commission's (FTC) antitrust case against it,Reutersreports. The FTC first brought charges againt the social media giant last December, and the latest were filed this pastAugust.

The FTC seeks to force Facebook to sell Instagram and Whatsapp, as italleges that the company used its aquisitionsof those services to eradicate any competition that posed an "existential threat."

A judge dismissed the complaint in June, saying the the FTC's case was "legally insufficient." But the U.S. government revised its charges, fleshing out its inital arguments in greater detail. Since 2012, the FTC argues, Facebook has had a monopoly on the U.S. personal social networking market,claiming more than 65% of active monthly userssince 2012.

"The complaint alleges that after repeated failed attempts to develop innovative mobile features for its network, Facebook instead resorted to an illegal buy-or-bury scheme to maintain its dominance," theFTC's statementread. "Lacking serious competition, Facebook has been able to hone a surveillance-based advertising model and impose ever-increasing burdens on its users."

Related:Facebook Hits $1 Trillion Market Cap After Antitrust Claims Are Dimissed

Facebook bought Instagram for $1 billion in 2012 and WhatsApp in 2014 for $19 billion.

The social networking company notes that the FTC approved those mergers at the time: "The FTC challenges acquisitions that the agency cleared after its own contemporaneous review ... The case is entirely without legal or factual support. This is as true now as it was before."

The judge will respond by November 17.

European regulators have also opened antitrust investigations into the network, and in the U.S., the company is still dealing with the aftermath of a whistleblower who has handed over thousands of documents to Congress and the Securities and Exchange Commission, which allegedlyprovethe company "chooses profit over safety."

According toMarketWatch, the company's blackout yesterday cost it about $164,000 a minute in revenue.

Wavy Line
Entrepreneur Staff

Entrepreneur Staff

Editor

Editor's Pick

Related Topics

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Business News

'Soul Crushing': Internet Sleuths Notice Something Is Very Off With This Condo Listing

From the grey carpets to the fluorescent lights, it's obvious that this home was not always a home.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Business News

'Awful Advice': Barbara Corcoran Slammed For 'Tone Deaf' Business Advice to Interns

The "Shark Tank" star shared tips on social media about how interns can increase their chances of getting hired full-time, but the public reaction didn't go as planned.

Green Entrepreneur

凤凰Degr已经达到110ees for a Month, But This One Invention Is Cooling Things Down a Tad

For the Arizona city amid a record-breaking heat wave, cool surfaces bring a modicum of relief.