

Please try another search
WASHINGTON (Reuters) - An estimated 40 U.S. state attorneys general will participate in a probe of Facebook Inc (NASDAQ:FB), a source said on Monday, suggesting many more states want allegations of anticompetitive practices at the social media company investigated.
The probe of Facebook, announced in September, is led by New York and includes Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio, Tennessee and the District of Columbia.
Some states, particularly New York and Nebraska, have raised concerns that Facebook and other big tech companies engage in anti-competitive practices, expose consumer data to potential data breaches and push up advertising prices.
Several state attorneys general met on Monday with officials from the Justice Department and the Federal Trade Commission, New York Attorney General Letitia James said in a statement.
The group met with U.S. Attorney General William Barr to discuss the Facebook probe, as well as with Deputy Attorney General Jeffrey Rosen and Makan Delrahim, who heads the department's Antitrust Division, two sources said.
"Today, we held bipartisan conversations with attorneys general from around the country and key officials at both the U.S. Department of Justice and the Federal Trade Commission about our investigation into Facebook," James said.
Nebraska Attorney General Doug Peterson was also present and issued a similar statement.
Florida Attorney General Ashley Moody, whose state is one of the leads on the probe, North Carolina Attorney General Josh Stein, and Iowa Attorney General Tom Miller also attended the meetings, their offices said.
The meeting came after Reuters and other outlets reported on Sept. 25 that the Justice Department would open an antitrust investigation of Facebook, which also faces probes by the Federal Trade Commission and the House of Representatives Judiciary Committee.
Following the meetings with top Justice Department officials, the state attorneys general met with department staffers, one source said.
Facebook, which owns one-time rivals Instagram and WhatsApp and has 2.4 billion monthly users, agreed in July to pay a $5 billion FTC settlement for various privacy violations.
Reuters and others reported in June that the Justice Department and FTC had divided responsibility for the companies being investigated, with the Justice Department taking Alphabet (NASDAQ:GOOGL) Inc's Google and Apple Inc (NASDAQ:AAPL) while the FTC looked at Facebook and Amazon.com Inc (NASDAQ:AMZN). The Justice Department later said it was opening a probe of online platforms, which would include Facebook.
The Washington Post was first to report that the group was likely to expand sharply.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.