The U.S. Federal Trade Commission, and 48 state attorneys general filed two separate lawsuits, accusing the social-networking company of maintaining an alleged monopoly, eliminating perceived threats through acquisitions, and hurting third-party developers who use Facebook. There are claims that FB used its power to suppress competition so it could take advantage of users and make billions by converting personal data to monetize it.
This year Big technology companies’ CEOs from Alphabet, Amazon FB and Twitter testified before the House Judiciary Antitrust Subcommittee, where Senator Ted Cruz, exposed them for suppressing free speech.
Cruz Tweeted: “ #BigTech is putting their thumb on the scale. They are deeply biased. They are not even trying to pretend anymore.” Orwell called them the thought police. Big tech calls them fact checkers.
Facebook, Twitter, and then Google, which is really the 800-pound gorilla, we have enormous concentration of power. Ted Cruz said “they collectively pose the single greatest threat we have to free speech in this country, because they've been getting more and more brazen," Cruz told Fox Business Network after the Senate hearing in November. "Big Tech asserted the power to just silence them because they didn't like what they were reporting," Cruz said. "I think it's really dangerous."
Ted Cruz said "They collectively pose the single greatest threat we have to free speech in this country, because they've been getting more and more brazen"
The lawsuits address grievances: "Today, we are taking action to stand up for the millions of consumers and many small businesses that have been harmed by Facebook's ( FB ) illegal behavior, "NY AG Letitia James said." Instead of competing honestly, FB used its power to suppress competition so it could take advantage of users and make billions by converting personal data into a cash cow."
This antitrust lawsuit actions against Facebook by the Justice Department revealed a claim that Google was paying $8 billion to $12 billion a year to Apple, to ensure its search engine was the default across several of its products. It represents a significant portion of Google's traffic acquisition costs.
Perhaps it’s time to split up the power houses? Senator Ted Cruz thinks that Section 230 of the Communications Decency Act, should be repealed. Section 230 is a special immunity from liability that Congress gave big tech that no other organizations have. They don’t have to worry about lies because they can’t get sued. Big tech are not accountable for their lies.
Dow Jones Newswires