The FTC's antitrust suit against Facebook is cleared to move forward
. “Although the agency may well face a tall task down the road in proving its allegations, the Court believes that it has now cleared the pleading bar and may proceed to discovery,” the judge said., arguing the FTC had failed yet again to present a “factual basis for alleging monopoly power.” The agency’s amended complaint is approximately two dozen pages longer than its original one, but it puts forward many of the same arguments.
“It is unfortunate that despite the court's dismissal of the complaint and conclusion that it lacked the basis for a claim, the FTC has chosen to continue this meritless lawsuit,” the company said at the time. “The FTC's claims are an effort to rewrite antitrust laws and upend settled expectations of merger review, declaring to the business community that no sale is ever final.”
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