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US federal government, 48 states file antitrust lawsuits against Facebook

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On Wednesday, the Federal Trade Commission and 48 state attorneys general launched twin lawsuits against Facebook for alleged antitrust violations. New York Attorney General Letitia James, who leads the coalition of states suing Facebook, released a statement: “Facebook has used its monopoly power to crush smaller rivals and snuff out competition, all at the expense of everyday users.”

Facebook responded to the FTC suit: “Years after the FTC cleared our acquisitions, the government now wants a do-over with no regard for the impact that precedent would have on the … business community or the people who choose our products every day.”

Cat Grant

Catherine (Cat) Grant was a business-savvy media mogul who got her start working as a gossip columnist for the Daily Planet. Cat later became a gossip blogger and eventually the CEO of her own company, CatCo Worldwide Media, a multimedia entertainment and news conglomerate based out of National City. Years after her departure from CatCo, Cat has decided to take a cathartic journey back to her roots. Welcome back to Cat’s Corner.

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