3 Burst results for "Lian Island"
"lian island" Discussed on WTOP
"lian island" Discussed on WTOP
"W t o p. The effort to try to break up big text influence suffers a major legal blow. A federal judge has just dismissed the government's antitrust lawsuit against Facebook. Which was accused of unfairly using its power to crush the competition. Joining us live with more on Skype Lian Island who covers antitrust investigations for politico. Hey, thanks so much for being with us and what was the rationale for ruling for Facebook in this case? Thanks for having me so the judge ruled that the FTC and some state attorneys general who had sued with them didn't give him enough evidence that Facebook was a monopoly, he said. You know, the prosecutor said that Facebook has a 60% share in networking services, but they didn't give him enough to back that up. How big of a setback is this to try to rein in these huge corporations that make up modern day Silicon Valley? I mean, it's definitely a setback, though not the end of the case. So the judge said that they can try again. He's giving them 30 days to try and, um fix would he identified as deficiencies in their case, But he did, um Get rid of some of the claims that they had made. They had argued, for example, that Facebook's acquisitions of Instagram and WhatsApp were illegal under U. S murder laws. He said that they waited too long to bring those claims so they can no longer pursue them. So about half of the case that the states have brought is now over, but they can sort of try and move forward with these monopolization claims. Has it become more difficult for antitrust suits over the past decade or so. Yes, that's definitely true. A lot of people think that the courts have been very, um hard on any trust enforcers. They've lost a lot more cases recently than they have in previous years. As you know, sort of the they have adopted sort of more conservative ideas about how to determine when business conduct is anti competitive. That's why there's a lot of people, particularly Democrats in Congress, who have been pushing to update the any trust laws to make it a little bit more clear to the The courts when they should be able to move forward with any trust claims. So where does all this go from here? After today's ruling Well, the FTC sort of has two choices They can, as he said, try and amend their case and bring it to him again. The other option is the FTC does have this sort of administrative court within its own agency, and it could try and bring the case through there. That would take a lot longer And it would be much more difficult and expensive for them, which is sometimes why they don't do it. And the other option is, you know, there are these bills in Congress, um, that are moving forward, some of which would explicitly try and break up. Um you know the tech Cos the FTC could say you know, we're not sure that we can actually do it under the existing any trust laws. We're just going to wait and see what happens with those. Alrighty, Leah. Thanks so much for being with us. Appreciate you. Lian Island covers antitrust and investigations for politico Big win for a Hyattsville guy at Wimbledon. It's 6 14 Elton John's.
"lian island" Discussed on 600 WREC