Facebook is seeking the dismissal of the lawsuit filed by the U.S. Federal Trade Commission. The social media firm was said to have filed its second motion to dismiss the agency’s illegal monopolization on Monday, Oct. 4.
The government’s revised antitrust suit is forcing Facebook to sell its Instagram, and WhatsApp platforms for alleged monopoly, and Mark Zuckerberg’s company is trying to stop this by asking the judge to drop the case.
According to Reuters, Facebook stated in the court filing for the motion to dismiss that the FTC failed to give a plausible factual basis for labeling FB an “unlawful monopolist.” It added that it seems the agency had no basis for its allegation that the social media platform has or had a monopoly.
“The FTC challenges acquisitions that the agency cleared after its own contemporaneous review,” part of the statement in the motion to dismiss reads. “The case is entirely without legal or factual support and this is as true now as it was before.”
For this, Facebook is requesting the dismissal of the lawsuit, and the FTC declined to comment on the matter. It appears that the request was also based on the U.S. District Court for the District of Columbia Judge James Boasberg’s ruling in June that stated the FTC’s original complaint that was filed in December 2020 failed to provide proof that the company Facebook had monopoly power in the social networking market.
In response to this, the FTC amended its complaint in August this year by adding more details to prove its allegation that Facebook put down or bought its rivals. In its amended filing, the commission once again asked the judge to order the sale of the company’s Instagram and WhatsApp.
Meanwhile, CNBC further mentioned that prior to FTC’s filing of its amended complaint, Facebook submitted a petition for recusal against Lina Khan, the chairman of the FTC. The firm said she is not qualified to perform legal duties due to her past statements against the company.
Facebook stated that based on her statements, she already made up her mind about its liability. FB wants Khan to withdraw from participating in the House Judiciary subcommittee on the antitrust case, but the court denied the request in August.


US-Iran War: Trump Eyes Military Exit as Markets React to Potential De-escalation
Elliott Investment Management Takes Activist Stake in Align Technology
Iran Threatens Gulf Infrastructure as U.S.-Israel War Enters Critical 48-Hour Window
Oil Prices Hold Steady Amid Middle East Escalation and Sanctions Relief
FEMSA Cuts Jobs at Spin Fintech Unit, Refocuses Strategy on Oxxo Stores
Iran War Fears Send Oil Prices Surging as U.S. Weighs Ground Troop Deployment
Israel Defies Trump's Warning, Launches New Strikes on Iran Amid Growing Global Energy Crisis
Qatar's Economy Under Pressure: How Regional Conflict Could Reshape Global Investment in 2026
Tesla Eyes $2.9 Billion in Chinese Solar Equipment to Power 100 GW U.S. Manufacturing Push
Iran-Israel War Escalates: Long-Range Missiles, Nuclear Site Strikes, and Global Energy Crisis
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures
U.S. Markets Post Fourth Straight Weekly Loss Amid Middle East Escalation
NVIDIA's Feynman AI Chip May Face Redesign Amid TSMC Capacity Crunch
U.S. Stock Futures Slide as Iran Conflict and Inflation Fears Rattle Wall Street
Judge Dismisses Sam Altman Sexual Abuse Lawsuit, But Sister Can Refile
GE Vernova and Hitachi's $40 Billion SMR Investment Signals a New Era for U.S. Nuclear Energy
Asian Currencies Slide as Oil Prices Surge Amid U.S.-Israel-Iran Conflict 



