U.S. Could File Antitrust Charges on Facebook in November

Caribbean News…
25 October 2020 12:09am

(Reuters) - Facebook Inc. may face U.S. antitrust charges as soon as November, the Washington Post reported on Friday, citing four people familiar with the matter.

The Federal Trade Commission met privately on Thursday to discuss a probe while state attorneys general under the leadership of New York’s Letitia James have been scrutinizing the company for potential threats to competition, the newspaper reported.

The timeline could still change, the newspaper said, adding that state attorneys general are in the late stages of preparing their complaint.

Facebook, the FTC and the office of the New York Attorney General were not immediately available for comment late on Friday.

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