Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

State attorney general group probing Facebook could expand to 40: source

Stock MarketsOct 07, 2019 09:08PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc's F8 developers conference in San Jose

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.

State attorney general group probing Facebook could expand to 40: source
 

Related Articles

Add a Comment

Comment Guidelines

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.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Mark Manley
Mark Manley Oct 07, 2019 7:22PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Facebook is not social media, it's social engineering,and it needs to stop. We don't want Zuckerberg and his ilk to determine what this society looks like.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

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.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email