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Nessel joins Facebook antitrust lawsuit
The lawsuit alleges the company illegally stifles competition to protect its monopoly power.By Krystle Holleman
Published: Dec. 10, 2020
LANSING, Mich. (WILX) - Wednesday Michigan Attorney General Dana Nessel joined a bipartisan coalition of 48 attorneys general in filing a lawsuit against Facebook Inc.
The lawsuit alleges the company illegally stifles competition to protect its monopoly power. The lawsuit continues, alleging that, over the last decade, the social networking giant illegally acquired threatening competitors and cut services to smaller competitors, depriving users of the benefits of competition, such as new innovations and more quality services, and reducing privacy protections along the way.
Facebook’s pervasive assault against antitrust law was ruthlessly conducted to boost its profits through increased advertising revenue.
“Facebook’s power as a monopoly has been solidified through its methodical erosion of any and all viable competition in this arena,” said Nessel. “My colleagues and I seek to protect consumers and their data by ending Facebook’s illegal, anticompetitive conduct and prevent this type of predatory behavior in the future.”
https://www.wilx.com/2020/12/10/nessel-joins-multistate-lawsuit-seeking-to-end-facebooks-illegal-monopoly/
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