Facebook calls on the U.S. government to dissolve the antitrust cases that were filed against it. The tech giant appealed and asked a federal court to dismiss the lawsuits as they were not credible.
Facebook’s reasoning for the petition to dismiss the case
The antitrust lawsuits that Facebook was trying to throw out of the court were filed by the U.S. Federal Trade Commission and almost all the states in the country. In the petition, Mark Zuckerberg’s company stated that the complainants were not able to show that FB harmed the consumers or it had a monopoly in violation of U.S. antitrust laws.
“By a one-vote margin, in the fraught environment of relentless criticism of Facebook for matters entirely unrelated to antitrust concerns, the agency decided to bring a case against Facebook,” the company said in response to the complaint. “None of the harms typically alleged in antitrust actions is alleged here.”
As per Reuters, the antitrust lawsuits were filed by the FTC in December last year. The commission requested the court to force Facebook into selling two of its highly valued platforms - Instagram and WhatsApp.
The alleged basis for the antitrust lawsuit filing
The U.S. FTC and a number of states alleged that Facebook has been violating the antitrust law to fend off smaller competitors and hurt its rivals. A total of five lawsuits have been filed against FB last year and Google was also included in the charge sheet. They have complained about the two’s alleged use and misuse of social media influence in the political and economic arena.
The FTC asserted that Facebook used a "systematic strategy" to get rid of its competitors. One example is by acquiring smaller up-and-coming rivals such as Instagram that was bought in 2012 and WhatsApp in 2014. Still, FB stated that the cases are baseless.
"You only have to look at your phone to know that the government’s assertion that Facebook monopolizes 'personal social networking services' doesn’t make sense," Facebook’s spokesman told FOX Business.
The Facebook lawsuits were initiated by New York Attorney General Letitia James and U.S. District Judge James Boasberg of Columbia will hear the cases. The FTC and the states are given until April 7 to file a response to FB’s request for dismissal.


Qantas Shares Plunge 10% as Iran Strikes Send Oil Prices Soaring and Disrupt Global Flights
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade
Australia Targets AI Platforms With Strict Age Verification Rules
Meta Signs Multi-Billion Dollar AI Chip Deal With Google to Power Next-Gen AI Models
Trump Media Weighs Truth Social Spin-Off Amid $6B Fusion Energy Pivot
OpenAI Pentagon AI Contract Adds Safeguards Amid Anthropic Dispute
Trump Orders Federal Agencies to Halt Use of Anthropic AI Technology
Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea
Flare, Xaman Roll Out One-Click DeFi Vault for XRP Yield via XRPL Wallets
Nvidia to Launch New AI Inference Processor to Boost OpenAI Performance
APEX Tech Acquisition Inc. Raises $111.97 Million in NYSE IPO Under Ticker TRADU
FAA Plans Flight Reductions at Chicago O’Hare as Airlines Ramp Up Summer Schedules
Panama Investigates CK Hutchison’s Port Unit After Court Voids Canal Contracts
Netflix Stock Jumps 14% After Exiting Warner Bros Deal as Paramount Seals $110 Billion Acquisition
Greg Abel’s First Berkshire Hathaway Shareholder Letter Signals Continuity, Caution, and Capital Discipline
FedEx Faces Class Action Lawsuit Over Tariff Refunds After Supreme Court Ruling 



