Published On: Sat, Jan 18th, 2020

4 tech cos sue Facebook for anti-competitive behaviour


San Francisco: Facebook was sued by four potential competitors who accuse it of anticompetitive behaviour and who asked a judge to order chief executive officer Mark Zuckerberg to give up control of the social media behemoth. The companies also said if Facebook isn’t forced to sell its WhatsApp and Instagram assets, it’ll integrate them into the social network, “consolidating its market power across the globe, likely permanently foreclosing competition in the relevant markets for decades to come”.

The lawsuit was filed on Thursday in San Francisco by Reveal Chat HoldCo, a successor to the dating site LikeBright; USA Technology and Management Services, better known as the credit and financial service provider Lenddol; former peer-to-peer site; and former identity verification provider Beehive Biometric. The companies describe Facebook as “one of the largest unlawful monopolies ever seen in the United States” and say the aim of the lawsuit is “to halt the most brazen, willful anticompetitive scheme in a generation”.

The companies suing say getting Zuckerberg to divest is necessary to get Facebook to cease its anticompetitive behaviour. “There is no adequate remedy of law to prevent the irreparable harm that has — and will continue — to result from Zuckerberg’s continued control of Facebook,” the companies said.





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