The social network says the Federal Trade Commission's complaint is "without legal or factual support." The agency alleges Facebook buys promising rivals to stifle competition.
The regulator is taking another swing at Facebook after a judge tossed out its initial effort in June. It accused the social media giant of illegally maintaining a monopoly.
In a new executive order, President Biden aims to kickstart competition for consumers, workers and farmers in ways both big and small, starting with a list of 72 initiatives.
In an executive order aimed at promoting competition, President Biden is calling on the Federal Trade Commission to ban or limit noncompete agreements that affect tens of millions of workers.
The new Federal Trade Commission chair's first big challenge will be rewriting a lawsuit against Facebook that a federal court tossed out earlier this week.
The decision is a blow to the Federal Trade Commission and 48 state attorneys general, who were pushing for the federal court to break up the social media giant.
The state and federal officials say Facebook's acquisitions of WhatsApp and Instagram violated competition laws and served to stifle rivals by giving the social network an unfair advantage.
The EU says Amazon exploits data collected from other sellers for its own benefit. These are the first formal charges against the retail giant in a spate of antitrust probes in Europe and the U.S.
An agreement worth up to $12 billion made Google the de facto choice for online search on millions of iPhones. Justice officials say the deal may be anticompetitive under U.S. law.
The antitrust lawsuit against Google is the most significant action the federal government has taken against a technology company in two decades. Google calls the lawsuit "deeply flawed."
