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Fb needs to dismiss lawsuit to power the sale of Instagram and WhatsApp – business insurance

(Reuters) – Facebook Inc. on Monday asked a judge to dismiss the U.S. government's revised antitrust proceedings that are designed to force the social media giant to sell Instagram and WhatsApp.

Facebook said in a lawsuit that the Federal Trade Commission failed to provide "a plausible factual basis for the Facebook brand as an illegal monopoly". The company added it appears that the FTC "had no basis in its bare claim that Facebook had or had a monopoly".

The social media giant called for the lawsuit to be biased dismissed, which would make it difficult for the agency to amend the lawsuit. The FTC declined to comment.

Judge James Boasberg of the U.S. District Court for the District of Columbia ruled in June that the FTC's original complaint, filed in December, provided no evidence that Facebook had monopoly power in the social networking market.

The FTC's amended complaint filed in August added more details to its allegation that the social media company smashed or bought rivals and again called on Judge Boasberg to order the sale of Instagram and WhatsApp.

The FTC argued at length in its revised complaint that Facebook dominated the US personal social networking market with more than 65% of monthly active users as of 2012.

Facebook's filing stated that the FTC's complaint "runs counter to the commercial reality of intense competition with emerging rivals such as TikTok and numerous other attractive options for consumers."

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