Tags: APFN | US | Tech Giants | Antitrust | States

NY Attorney General Announces Multistate Facebook Antitrust Probe

NY Attorney General Announces Multistate Facebook Antitrust Probe
New York Attorney General Letitia James (Getty Images)

Friday, 06 September 2019 09:04 AM EDT

A bipartisan coalition led by New York state attorney general (AG) is launching an antitrust investigation into Facebook Inc. to probe whether it has stifled competition and put users at risk, New York AG Letitia James said on Friday.

“I’m launching an investigation into Facebook to determine whether their actions endangered consumer data, reduced the quality of consumers’ choices, or increased the price of advertising,” James tweeted.

Attorneys general of Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio, Tennessee, and the District of Columbia will join New York in the probe, a statement said. 

Facebook shares (FB) were down nearly 1% in premarket trading.

The company did not immediately respond to a request for comment.

Reuters and other media outlets reported on Tuesday that more than 30 U.S. state attorneys general were readying an investigation into Alphabet Inc.’s (GOOG) Google for potential antitrust violations.

The tech giants, among the richest and most powerful companies in the world, are facing increasing antitrust scrutiny from Congress, federal agencies and now state attorneys general.

The U.S. Justice Department said in July it was opening a broad investigation of major digital technology firms, focusing on whether they engage in anticompetitive practices. The investigation is believed to target Google, Amazon.com Inc. (AMZN) and Facebook, and potentially Apple Inc. (AAPL).

Separately, the Federal Trade Commission, which also enforces antitrust laws, is also probing Amazon and Facebook to determine if they abused their massive market power in retail and social media, respectively.

© 2025 Thomson/Reuters. All rights reserved.


Newsfront
New York Attorney General Letitia James says a bipartisan coalition of state attorneys general is investigating Facebook for alleged antitrust issues.
APFN, US, Tech Giants, Antitrust, States
244
2019-04-06
Friday, 06 September 2019 09:04 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved